Literaturnachweis - Detailanzeige
Autor/inn/en | Slavík, Ctirad; Yazici, Hakki |
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Titel | Wage Risk and the Skill Premium. Gefälligkeitsübersetzung: Lohnrisiko und Qualifikationsprämie. |
Quelle | In: The economic journal, 132 (2022) 646, S. 2207-2230
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | online; gedruckt; Zeitschriftenaufsatz |
ISSN | 0013-0133; 1468-0297 |
DOI | 10.1093/ej/ueac015 |
Schlagwörter | Bildungsertrag; Technologische Entwicklung; Kapital; Sparen; Arbeitskräfteangebot; Arbeitskräftebedarf; Arbeitsmarktrisiko; Akkumulation; Auswirkung; Entwicklung; Quote; Sparverhalten; Hochschulabsolvent; Hoch Qualifizierter; USA |
Abstract | "The skill premium has increased significantly in the United States in the last five decades. During the same period, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill premium. Intuitively, a rise in uninsured wage risk increases precautionary savings, thereby boosting capital accumulation, which increases the skill premium due to capital-skill complementarity. Using a quantitative macroeconomic model, we find that the rise in wage risk observed between 1967 and 2010 increases the skill premium significantly. This finding is robust across a variety of model specifications." The study refers to the period 1967-2010. (Author's abstract, IAB-Doku, Published by arrangement with John Wiley & Sons).. |
Erfasst von | Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg |
Update | 2023/1 |