Browsing by Subject "erhvervsuddannelse"
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Labour Market Implications of a Compressed Wage Structure when Education and Training are EndogenousMalchow-Møller, Nikolaj; Skaksen, Jan Rose (København, 2003)[More information][Less information]
Abstract: We consider the economic implications of a compressed wage structure which is exogenously determined by institutions. An important feature of our analysis is that human capital is endogenous and can be achieved either as formal education or as informal training within firms after entering the labour market. While institutional wage compression decreases the incentives of individuals to become educated, it increases the incentives of firms to invest in training. As a result, the net effects of wage compression on the aggregate human capital level and GDP are ambiguous. Moreover, with wage compression, a skillbiased technological change may cause wage inequality to decrease. Keywords: Wage compression, training, education, inequality, institutions, skill-biased technological change. JEL: I21, J31, J5, O33. URI: http://hdl.handle.net/10398/7574 Files in this item: 1
cebr dp 2003-09.pdf (267.7Kb) -
Filges, Trine; Larsen, Birthe (København, 2001)[More information][Less information]
Abstract: This paper examines the macroeconomic effects of youth unemployment programmes in the form of vocational training (YUPs), developing a two sector general equilibrium model featuring matching frictions and worker-fi rm wage bargaining for skilled workers. Unskilled sector wages are indexed to skilled sector wages. Workers differ with respect to ability, having importance for the young worker s skill decision. Furthermore, a young worker may be offered vocational training through YUPs. The total number of skilled workers is therefore determined by these two channels and the interaction between them. We focus on the impact of of YUPs on skill division, unemployment distribution workers and aggregate unemployment. Keywords: Skill acquisition, search, JEL classi cations: J18 J38 J68 URI: http://hdl.handle.net/10398/7601 Files in this item: 1
wpec092001.pdf (415.6Kb)
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