Labor force participation, wages and turbulence
Obiols Homs, Francesc (Universitat Autònoma de Barcelona)
Sánchez-Marcos, Virginia (Universidad de Cantabria)

Publicación:	Barcelona: Barcelona School of Economics, 2022
Descripción:	33 pàg.
Resumen:	Participation of middle aged men with upper secondary education or less has decreased over the last two decades in the US. This comes together with wage stagnation for this demographic group. In this paper we use a general equilibrium model of the labor market with frictions, participation decisions and endogenous accumulation of skills through a learning by doing technology in order to understand these facts. We quantitatively assess the implications of an increase in the probability of skills loss during non-employment spells (turbulence, after Ljungqvist and Sargent, 1998) and show that non-participation increases and wages of more experienced workers fall because with increased turbulence their outside option worsens.
Ayudas:	Agencia Estatal de Investigación PGC2018-094364-B-I00 Agencia Estatal de Investigación CEX2019-000915-S Agencia Estatal de Investigación PID2019-108087RB-I00
Derechos:	Aquest material està protegit per drets d'autor i/o drets afins. Podeu utilitzar aquest material en funció del que permet la legislació de drets d'autor i drets afins d'aplicació al vostre cas. Per a d'altres usos heu d'obtenir permís del(s) titular(s) de drets.
Lengua:	Anglès
Colección:	BSE Barcelona School of Economics Working Papers ; 1347
Documento:	Working paper ; recerca ; Versió publicada
Materia:	Participation in the labor market ; Turbulence ; Labor market frictions ; Human capital

Adreça alternativa: https://bse.eu/research/working-papers/labor-force-participation-wages-and-turbulence

33 p, 374.3 KB

El registro aparece en las colecciones:
Documentos de investigación > Working papers