Grossmann, Volker (2000) Skilled labor reallocation, wage inequality, and unskilled unemployment. JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT, 156 (3). pp. 473-500. ISSN 0932-4569
Full text not available from this repository.Abstract
This paper analyzes the labor market effects of an increase in incentives in raising total factor productivity and, thus, reallocating high-skilled labor from production to non-production (i.e., R&D) activities. Within an endogenous growth framework, it is shown that such a reallocation of skilled labor depresses the demand for low-skilled labor. Contrary to the standard view of skill-biased technological change, the relative marginal productivity of labor changes only because of relative employment effects. Moreover, the impact of social comparisons between high-skilled and low-skilled workers and within the group of low-skilled workers are examined.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | TECHNOLOGICAL-CHANGE; ECONOMIC-GROWTH; RELATIVE WAGES; FAIRNESS; DEMAND; EARNINGS; MARKET; PAY; |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Entpflichtete oder im Ruhestand befindliche Professoren > Lehrstuhl für Finanzwissenschaft, insbesondere Umweltökonomie (Prof. Dr. Wolfgang Buchholz) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 28 Mar 2022 08:35 |
| Last Modified: | 28 Mar 2022 08:35 |
| URI: | https://pred.uni-regensburg.de/id/eprint/42243 |
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