| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14980 |
| DP14980 Income-Driven Labor Market Polarization | |
| diego comin; Marti Mestieri; Ana Danieli | |
| 发表日期 | 2020-07-01 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We propose a mechanism for labor-market polarization based on the nonhomotheticity of demand that we call the income-driven channel. Our mechanism builds on a novel empirical fact: expenditure elasticities and production intensities in low- and high-skill occupations are positively correlated across sectors. Thus, as income grows, demand shifts towards expenditure-elastic sectors, and the relative demand for low- and high-skill occupations increases, causing labor-market polarization. A calibrated general-equilibrium model suggests this mechanism accounts for 90% and 35% of the increase in the wage-bill share of low- and high-skill occupations observed in the US during 1980-2016, and for 64% and 28% of the rise in the employment shares of low- and high-skill occupations. This mechanism is similarly important for the polarization of labor markets in Western Europe during 1980-2016, as well as in the US during earlier decades and, possibly, the near future. |
| 主题 | Economic History ; International Trade and Regional Economics ; Labour Economics ; Macroeconomics and Growth |
| 关键词 | Labor market polarization Non-homothetic preferences |
| URL | https://cepr.org/publications/dp14980 |
| 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/543925 |
| 推荐引用方式 GB/T 7714 | diego comin,Marti Mestieri,Ana Danieli. DP14980 Income-Driven Labor Market Polarization. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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