| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9296 |
| DP9296 Labor Supply with Job Assignment under Balanced Growth | |
| Claudio Michelacci; Josep Pijoan-Mas | |
| 发表日期 | 2013-01-20 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We consider a competitive equilibrium growth model where technological progress is embodied into new jobs that are assigned to workers of different skills. In every period workers decide whether to actively participate in the labor market and if so how many hours to work on the job. Balanced growth requires that the job technology is complementary with the worker?s total labor input in the job, which is jointly determined by his skill and his working hours. Since lower skilled workers can supply longer hours, we show that the equilibrium features positive assortative matching (higher skilled workers are assigned to better jobs) only if differences in consump- tion are small relative to differences in worker skills. When the pace of technological progress accelerates, wage inequality increases and workers participate less often in the labor market but supply longer hours on the job. This mechanism can explain why, as male wage inequality has increased in the US, labor force participation of male workers of different skills has fallen while their working hours have increased. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Job heterogeneity Participation Wage inequality Working hours |
| URL | https://cepr.org/publications/dp9296 |
| 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/538132 |
| 推荐引用方式 GB/T 7714 | Claudio Michelacci,Josep Pijoan-Mas. DP9296 Labor Supply with Job Assignment under Balanced Growth. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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