Arbeitspapier
Why Didn't the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills
Why has the college wage premium risen rapidly in the United States since the 1980s, but not in European economies such as Germany? We argue that differences in employment protection can account for much of the gap. We develop a model in which firms and workers make relationship-specific investments in skill accumulation. The incentive to invest is stronger when employment protection creates an expectation of long-lasting matches. We argue that changes in the economic environment have reduced relationship-specific investment for less-educated workers in the United States, but not for better-protected workers in Germany.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 13325
Klassifikation
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Human Capital; Skills; Occupational Choice; Labor Productivity
Wage Level and Structure; Wage Differentials
Economic Development: Human Resources; Human Development; Income Distribution; Migration
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Human Capital; Skills; Occupational Choice; Labor Productivity
Wage Level and Structure; Wage Differentials
Economic Development: Human Resources; Human Development; Income Distribution; Migration
Thema
college wage premium
employment protection
job-specific skills
employment protection
job-specific skills
Ereignis
Geistige Schöpfung
(wer)
Doepke, Matthias
Gaetani, Ruben
Gaetani, Ruben
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2020
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Doepke, Matthias
- Gaetani, Ruben
- Institute of Labor Economics (IZA)
Entstanden
- 2020
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