| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14855 |
| DP14855 A Multisector Perspective on Wage Stagnation | |
| Liwa Rachel Ngai; Orhun Sevinc | |
| 发表日期 | 2020-06-08 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Low-skill workers are concentrated in sectors that experience fast productivity growth and yet their wages have been stagnating. A multisector perspective is crucial to understand this stagnation as it is not due to an overall stagnation in the marginal product of low-skill workers but a labour reallocation into sectors with slower growth. We show this in a two-sector model where the faster productivity growth causes a fall in the relative price of the low-skill intensive output, which consists of capital and a consumption good that is a complement to the high-skill intensive output. When calibrated to the U.S., the model accounts for a substantial part of the low-skill wage stagnation and its divergence from aggregate productivity during 1980-2010. |
| 主题 | Labour Economics ; Macroeconomics and Growth |
| 关键词 | Wage stagnation Wage-productivity divergence Multisector model |
| URL | https://cepr.org/publications/dp14855 |
| 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/543792 |
| 推荐引用方式 GB/T 7714 | Liwa Rachel Ngai,Orhun Sevinc. DP14855 A Multisector Perspective on Wage Stagnation. 2020. |
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