Low Wages

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The Experts below are selected from a list of 41433 Experts worldwide ranked by ideXlab platform

Kristen Harknett - One of the best experts on this subject based on the ideXlab platform.

Nicolas Pons-vignon - One of the best experts on this subject based on the ideXlab platform.

Daniel Schneider - One of the best experts on this subject based on the ideXlab platform.

Jean-marc Robin - One of the best experts on this subject based on the ideXlab platform.

  • On the Dynamics of unemployment and wage Distributions
    Econometrica, 2011
    Co-Authors: Jean-marc Robin
    Abstract:

    Postel-Vinay and Robin's (2002) sequential auction model is extended to alLow for aggregate productivity shocks. Workers exhibit permanent differences in ability while firms are identical. Negative aggregate productivity shocks induce job destruction by driving the surplus of matches with Low ability workers to negative values. Endogenous job destruction coupled with worker heterogeneity thus provides a mechanism for amplifying productivity shocks that offers an original solution to the unemployment volatility puzzle (Shimer (2005)). Moreover, positive or negative shocks may lead employers and employees to renegotiate Low Wages up and high Wages down when agents' individual surpluses become negative. The model delivers rich business cycle dynamics of wage distributions and explains why both Low Wages and high Wages are more procyclical than Wages in the middle of the distribution.

Kristin Dale - One of the best experts on this subject based on the ideXlab platform.

  • Household skills and Low Wages
    Journal of Population Economics, 2008
    Co-Authors: Kristin Dale
    Abstract:

    Household skills provide job skills when tasks in jobs and household production are similar and jobs produce substitutes for home-made services. Opportunity costs of higher education are foregone earnings during schooling and foregone household production while studying and later in life. I show that individuals in jobs requiring household skills accept Lower wage rates than traditional human capital theory predicts, and that individuals with Low household skills tend to enter higher education. According to these results, declining household skills may have contributed to the observed increasing demand for higher education by women.

  • ESSAY 2 IN-THE-HOME TRAINING, HOUSEHOLD SKILLS AND Low Wages
    2001
    Co-Authors: Kristin Dale
    Abstract:

    This essay presents a new, supplementary explanation of occupational choice and occupational wage differences. In-the-home training creates household skills that increase productivity in both the household and occupations with tasks similar to household production. A model shows that individuals with more household skills do not to enter higher education, choose household skilled jobs in the labour market that pay Lower Wages and work shorter hours than predicted by human capital theory. This stems from the effect that the future earnings of higher-educated employees must not only compensate for costs and foregone earnings during education, but also absorb the indirect costs of Lower household production while studying and later in life. Empirical findings from industrialised countries are presented that highlight the gender-biased pattern of household production and of similar Low wage occupations. Finally, I argue that household skilled jobs constitute the ‘secondary labour market’ in the ‘dual labour market’ theory.