Arbeitspapier
The changing value of employment and its implications
We characterize the employment value of different worker-occupation matches and estimate the substitutability of match-specific inputs in production. In an equilibrium model of the U.S. labor market, we examine the responses of employment and wages to shifts in technology and match values. Earnings are mainly driven by technology while match value heterogeneity influences the distribution of workers across occupations. The model delivers measures of rents and compensating differentials. After 1980, employment rents increased for educated workers but stagnated for others. Compensating differentials have risen on average, particularly in occupations where worker mobility has grown.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper Series ; No. 56
- Classification
-
Wirtschaft
Exchange and Production Economies
Computable and Other Applied General Equilibrium Models
Job, Occupational, and Intergenerational Mobility; Promotion
- Subject
-
employment
wages
equilibrium
technological change
heterogeneity
occupations
- Event
-
Geistige Schöpfung
- (who)
-
Alonzo, Davide
Gallipoli, Giovanni
- Event
-
Veröffentlichung
- (who)
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University of Waterloo, Canadian Labour Economics Forum (CLEF)
- (where)
-
Waterloo
- (when)
-
2023
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Alonzo, Davide
- Gallipoli, Giovanni
- University of Waterloo, Canadian Labour Economics Forum (CLEF)
Time of origin
- 2023
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