Add to ORKGThe expansion of higher education in theWestern countries has been accom-panied by a marked widening of wage differentials and increasing overqualifica-tion. While the increase in wage differentials has been attributed to skill-biased technological change that made advanced skills scarce, this explanation does not fit well with the observed increase in overqualification which suggests that advanced skills are in excess supply. By “Reder-competition ” I refer to the simultaneous adjustment of wage offers and hiring standards in response to changing labor market condition. I present a simple model of Reder competition that reproduces the simultaneous increase in wage differentials and overqualification in response to an increase in education
Abstract We present a simple model to explain why wage inequality in the U.S. increased in the 1980s...
As a response to skill-biased technological change (SBTC), expanded education access is regarded by ...
The US and the UK have experienced both rising skill premia and rising employment of skilled workers...
The expansion of higher education in theWestern countries has been accom-panied by a marked widening...
The expansion of higher education in the Western countries has been accompanied by a marked widening...
The expansion of higher education in the Western countries has been accompanied by a marked widening...
We analyse the consequences of an increase in the supply of highly educated workers on relative and ...
We model a labor market in which workers’ level of education might be a signal of skills. We show th...
This paper shows that the existence and persistence of ‘overeducation’ can be explained by an extens...
In the early 1990s, the consensus in the literature was that the large increase in wage inequality o...
We analyze the consequences of an increase in the supply of highly educated workers on relative and ...
A skill-biased change in technology can account at once for the changes observed in a number of impo...
Rapid growth in productivity combined with increasing wage dispersion in some countries, notably Ang...
Wage Dispersion and Efficiency. It is often assumed that markets generate efficient allocations, but...
in male wage inequality and skill premiums and investigates the extent to which shifts in observable...
Abstract We present a simple model to explain why wage inequality in the U.S. increased in the 1980s...
As a response to skill-biased technological change (SBTC), expanded education access is regarded by ...
The US and the UK have experienced both rising skill premia and rising employment of skilled workers...
The expansion of higher education in theWestern countries has been accom-panied by a marked widening...
The expansion of higher education in the Western countries has been accompanied by a marked widening...
The expansion of higher education in the Western countries has been accompanied by a marked widening...
We analyse the consequences of an increase in the supply of highly educated workers on relative and ...
We model a labor market in which workers’ level of education might be a signal of skills. We show th...
This paper shows that the existence and persistence of ‘overeducation’ can be explained by an extens...
In the early 1990s, the consensus in the literature was that the large increase in wage inequality o...
We analyze the consequences of an increase in the supply of highly educated workers on relative and ...
A skill-biased change in technology can account at once for the changes observed in a number of impo...
Rapid growth in productivity combined with increasing wage dispersion in some countries, notably Ang...
Wage Dispersion and Efficiency. It is often assumed that markets generate efficient allocations, but...
in male wage inequality and skill premiums and investigates the extent to which shifts in observable...
Abstract We present a simple model to explain why wage inequality in the U.S. increased in the 1980s...
As a response to skill-biased technological change (SBTC), expanded education access is regarded by ...
The US and the UK have experienced both rising skill premia and rising employment of skilled workers...