Labour Market Implications of a Compressed Wage Structure when Education and Training are Endogenous

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Labour Market Implications of a Compressed Wage Structure when Education and Training are Endogenous

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dc.contributor.author Malchow-Møller, Nikolaj en_US
dc.contributor.author Skaksen, Jan Rose en_US
dc.date.accessioned 2009-02-04T10:27:46Z
dc.date.available 2009-02-04T10:27:46Z
dc.date.issued 2004-01-23T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7574
dc.description.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. en_US
dc.format.extent 28 s. en_US
dc.language eng en_US
dc.relation.ispartofseries CEBR Discussion paper;2003-09 en_US
dc.subject.other lønteori en_US
dc.subject.other social ulighed en_US
dc.subject.other arbejdsmarkedsuddannelse en_US
dc.subject.other erhvervsuddannelse en_US
dc.subject.other teknologisk udvikling en_US
dc.title Labour Market Implications of a Compressed Wage Structure when Education and Training are Endogenous en_US
dc.type wp en_US
dc.accessionstatus modt04jan23 inrumo en_US
dc.contributor.corporation Copenhagen Business School. CBS
dc.contributor.department Økonomisk Institut en_US
dc.contributor.department Centre for Economic and Business Research
dc.contributor.departmentshort ECON en_US
dc.contributor.departmentshort CEBR
dc.contributor.departmentuk Department of Economics en_US
dc.contributor.departmentuk Centre for Economic and Business Research
dc.contributor.departmentukshort ECON
dc.contributor.departmentukshort CEBR
dc.idnumber x645152063 en_US
dc.publisher.city København en_US
dc.publisher.year 2003 en_US


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