Are changes in education important for the wage premium and unemployment?
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- dc.contributor.author Cuadras Morató, Xavierca
- dc.contributor.author Mateos Planas, Xavierca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T10:50:38Z
- dc.date.available 2017-07-26T10:50:38Z
- dc.date.issued 2003-03-01
- dc.date.modified 2017-07-23T02:07:59Z
- dc.description.abstract A generalized rise in unemployment rates for both college and high-school graduates, a widening education wage premium, and a sharp increase in college education participation are characteristic features of the transformations of the U.S. labor market between 1970 and 1990. This paper investigates the interactions between these changes in the labor market and in educational attainment. First, it develops an equilibrium search and matching model of the labor market where education is endogenously determined. Second, calibrated versions of the model are used to study quantitatively whether either a skill-biased change in technology or a mismatch shock can explain the above facts. The skill-biased shock accounts for a considerable part of the changes but fails to produce the increase in unemployment for the educated labor force. The mismatch shock explains instead much of the change in the four variables, including the wage premium.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=707
- dc.identifier.citation International Economic Review, v.47 (1), pp.129-160, 2006
- dc.identifier.uri http://hdl.handle.net/10230/727
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 707
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword Education
- dc.subject.keyword Wage premium
- dc.subject.keyword Unemployment
- dc.subject.keyword Macroeconomics and International Economics
- dc.subject.keyword Labour, Public, Development and Health Economics
- dc.title Are changes in education important for the wage premium and unemployment?ca
- dc.title.alternative Skill bias and employment frictions in the US labor market 1970-90
- dc.type info:eu-repo/semantics/workingPaper