Skill bias and employment frictions in the US labor market 1970-1990
Skill bias and employment frictions in the US labor market 1970-1990
This article studies simultaneous changes in four labor market variables: the unemployment rates for college and high-school graduates, the education wage premium, and the level of college participation. It develops an equilibrium search and matching model of the labor market where education is endogenously determined. Then the model is used to investigate quantitatively whether the change in the above labor market variables from 1970 to 1990 in the United States can be traced to changes in the environment. A skill-biased change in technology together with an increase in employment frictions can explain much of the observed variation in these variables.
129-160
Cuadras-Morató, Xavier
531b1280-d39c-461c-aa38-ad2a880c5709
Mateos-Planas, Xavier
444f69bb-2ab3-4f56-be17-3f286f7700da
2006
Cuadras-Morató, Xavier
531b1280-d39c-461c-aa38-ad2a880c5709
Mateos-Planas, Xavier
444f69bb-2ab3-4f56-be17-3f286f7700da
Cuadras-Morató, Xavier and Mateos-Planas, Xavier
(2006)
Skill bias and employment frictions in the US labor market 1970-1990.
International Economic Review, 47 (1), .
(doi:10.1111/j.1468-2354.2006.00375.x).
Abstract
This article studies simultaneous changes in four labor market variables: the unemployment rates for college and high-school graduates, the education wage premium, and the level of college participation. It develops an equilibrium search and matching model of the labor market where education is endogenously determined. Then the model is used to investigate quantitatively whether the change in the above labor market variables from 1970 to 1990 in the United States can be traced to changes in the environment. A skill-biased change in technology together with an increase in employment frictions can explain much of the observed variation in these variables.
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Published date: 2006
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Local EPrints ID: 35236
URI: http://eprints.soton.ac.uk/id/eprint/35236
ISSN: 0020-6598
PURE UUID: 655f71e9-06d7-4b5c-b09e-13199b674d46
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Date deposited: 19 May 2006
Last modified: 15 Mar 2024 07:51
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Author:
Xavier Cuadras-Morató
Author:
Xavier Mateos-Planas
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