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- Turbulence, Heterogeneity, and Wage Earnings Inequality
Turbulence, Heterogeneity, and Wage Earnings Inequality
Auteur :
Amaral
Pedro S.
Date de publication : 23/04/2003
Type : Article
Thème : Travail et Emploi
Couverture :
Etats-Unis d'Amérique
URL Article :
http://129.3.20.41/eps/mac/papers/0309/0309016.pdfURL Source :
http://129.3.20.41 
Télécharger le document :
(345,19 kB) Turbulence_Heterogeneity_and_Wage_Earnings_Inequality.pdfRésumé/Sommaire :
From the mid–1960s to the mid–1980s there was an increase in wage earnings dispersion both between, as well as within educational groups in the United States. At the same time, there were increases in the amount of wage losses following displacements. This paper quantitatively investigates whether this change, interpreted as increases in human capital losses following displacements can, in an economy where different groups of workers learn new skills at different rates, lead to increases in wage earnings dispersion both between and within these groups. In the context of a model calibrated to match some selected facts of the U.S. labor market, an increase in human capital losses following a job loss can account for a considerable fraction of the increases in the wage earnings premium benefiting the faster learners, as well as in the variance of both permanent and transitory earnings of the different groups.
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