| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP869 |
| DP869 Does a Tougher Environmental Policy Raise Unemployment? Optimal Taxation, Public Goods and Environmental Policy With Rationing of Labour Supply | |
| Frederick van der Ploeg; Lans Bovenberg | |
| 发表日期 | 1993-12-31 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | We estimate the impact of skilled and unskilled labour shortages on productivity and wages in the United Kingdom. Skill shortages are higher on average and more variable over the business cycle in the United Kingdom than in comparable economies. Unskilled shortages are comparatively rare, so most of our work concentrates on skill shortages. The bulk of evidence suggests that shortages are related to educational attainment rather than the failure of firms to adjust wages. There are two potential effects of shortages on productivity. First, we argue that shortages add to the cost of employing skilled workers since a firm must wait longer than usual to fill its vacancies. This may lead firms to employ less skilled and more unskilled workers. Second, labour shortages make it less easy for firms to extract effort from their workers. Both of these effects reduce productivity. We provide empirical evidence from two panel data sets of UK manufacturing from 1980-89. We use data from 81 manufacturing industries and also from 33 engineering industries where there is better information on the skill composition of the workforce. Both data sets suggest that the growth of skill shortages in the 1980s reduced productivity growth by about 0.4% per annum (average productivity growth was 5% per annum). Unskilled shortages had no effect. Finally labour shortages might increase nominal wage growth by putting workers in a stronger bargaining position. Both our data sets suggest that skill shortages raised wage growth over the period by about 1% per annum (average wage growth was 7%). |
| 关键词 | Job marketing Productivity growth Skill shortages Vacancy duration Wage inflation |
| URL | https://cepr.org/publications/dp869 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530010 |
| 推荐引用方式 GB/T 7714 | Frederick van der Ploeg,Lans Bovenberg. DP869 Does a Tougher Environmental Policy Raise Unemployment? Optimal Taxation, Public Goods and Environmental Policy With Rationing of Labour Supply. 1993. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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