Income-driven Labor Market Polarization.

Autor/inn/en	Comin, Diego A.; Danieli, Ana; Mestieri, Martí
Institution	National Bureau of Economic Research
Titel	Income-driven Labor Market Polarization. Gefälligkeitsübersetzung: Einkommensgesteuerte Polarisierung des Arbeitsmarktes.
Quelle	(2020), 67 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper. 27455
Sprache	englisch
Dokumenttyp	online; Monographie
DOI	10.3386/w27455
Schlagwörter	Erwerbsquote; Lohnentwicklung; Lohnpolitik; Arbeitskräftebedarf; Berufsgruppe; Niedrig Qualifizierter; Qualifikation; Auswirkung; Sektorale Verteilung; Hoch Qualifizierter; USA
Abstract	"We propose a mechanism for labor-market polarization based on the nonhomotheticity of demand that we call the income-driven channel. Our mechanism builds on a novel empirical fact: expenditure elasticities and production intensities in low- and high-skill occupations are positively correlated across sectors. Thus, as income grows, demand shifts towards expenditure-elastic sectors, and the relative demand for low- and high-skill occupations increases, causing labor-market polarization. A calibrated general-equilibrium model suggests this mechanism accounts for 90% and 35% of the increase in the wage-bill share of low- and high-skill occupations observed in the US during 1980-2016, and for 64% and 28% of the rise in the employment shares of low- and high-skill occupations. This mechanism is similarly important for the polarization of labor markets in Western Europe during 1980-2016, as well as in the US during earlier decades and, possibly, the near future." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2020/4