| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w30311
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| 来源ID | Working Paper 30311
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| The Race Between Education, Technology, and Institutions |
| Jonathan Vogel
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| 发表日期 | 2022-08-01
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| 出版年 | 2022
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| 语种 | 英语
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| 摘要 | I generalize the canonical model--in which relative supply and demand for worker skills shape the skill premium--incorporating monopsony power, minimum wages, and unemployment. I estimate the extended canonical model using national data and, separately, state-level data. I show that incorporating the minimum wage improves the out-of-sample fit of the traditional canonical model. I document that minimum wages--together with supply and demand--play a central role in shaping the evolution of the U.S. college premium and the differential evolution of state-level college premia. Lending credibility to these conclusions, the state and national estimates are not only qualitatively, but also quantitatively consistent. |
| 主题 | Macroeconomics
; Consumption and Investment
; Labor Economics
; Labor Supply and Demand
; Labor Compensation
; Labor Market Structures
|
| URL | https://www.nber.org/papers/w30311
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587984
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推荐引用方式
GB/T 7714 |
Jonathan Vogel. The Race Between Education, Technology, and Institutions. 2022.
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文件名：
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w30311.pdf
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格式：
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Adobe PDF
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