全球智库信息集成服务系统(G2TT): Why Didn't the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27331
来源ID	Working Paper 27331
	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	2020-06-08
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 where 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	Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Labor Compensation
URL	https://www.nber.org/papers/w27331
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/585002
推荐引用方式 GB/T 7714	Matthias Doepke,Ruben Gaetani. Why Didn't the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills. 2020.