| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14846 |
| DP14846 Why Didn't the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills | |
| Matthias Doepke; Ruben Gaetani | |
| 发表日期 | 2020-06-03 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | 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. |
| 主题 | Labour Economics ; Macroeconomics and Growth |
| 关键词 | College wage premium Employment protection Job-specific skills |
| URL | https://cepr.org/publications/dp14846 |
| 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/543781 |
| 推荐引用方式 GB/T 7714 | Matthias Doepke,Ruben Gaetani. DP14846 Why Didn't the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills. 2020. |
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