Browsing Working Papers (ECON) by Subject "social ulighed"
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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) -
A Disaggregate PerspectiveMalchow-Møller, Nikolaj; Skaksen, Jan Rose (København, 2003)[More information][Less information]
Abstract: Skill-Biased Technological Change in Denmark: A Disaggregate Perspective* In this paper, we provide an industry-level analysis of skill-biased technological change (SBTC) in Denmark over the last two decades. The analysis shows that SBTC has varied considerably across industries, and traditionally large Danish industries have experienced relatively less SBTC. This may partly explain why wage inequality between skilled and less skilled has risen less in Denmark than in other countries. We also find that SBTC has been concentrated in already skill-intensive industries. This contains important information about future labour requirements, as the relative importance of these industries must be expected to grow, thereby reinforcing the shift in demand for skilled labour. JEL Classification: J24, J31, L6 Keywords: skill-biased technological change, Danish industries URI: http://hdl.handle.net/10398/7549 Files in this item: 1
dp752.pdf (762.4Kb)
Now showing items 1-2 of 2