Počet záznamů: 1  

Wage risk and the skill premium

  1. 1.
    0559243 - NHU-C 2023 RIV GB eng J - Článek v odborném periodiku
    Slavík, Ctirad - Yazici, H.
    Wage risk and the skill premium.
    Economic Journal. Roč. 132, č. 646 (2022), s. 2207-2230. ISSN 0013-0133. E-ISSN 1468-0297
    Grant CEP: GA ČR(CZ) GA17-27676S
    Institucionální podpora: Cooperatio-COOP
    Klíčová slova: skill premium * wage risk * capital-skill complementarity
    Obor OECD: Applied Economics, Econometrics
    Impakt faktor: 3.2, rok: 2022
    Způsob publikování: Omezený přístup
    https://doi.org/10.1093/ej/ueac015

    The skill premium has increased significantly in the United States in the last five decades. During the same period, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill premium. Intuitively, a rise in uninsured wage risk increases precautionary savings, thereby boosting capital accumulation, which increases the skill premium due to capital-skill complementarity. Using a quantitative macroeconomic model, we find that the rise in wage risk observed between 1967 and 2010 increases the skill premium significantly. This finding is robust across a variety of model specifications.
    Trvalý link: https://hdl.handle.net/11104/0332716


    Vědecká data: Zenodo
     
     
Počet záznamů: 1  

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