Wage Risk and the Skill Premium
Wage Risk and the Skill Premium
复制标题
工资风险和技能溢价
DOI：
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复制
发表时间：
2017
期刊：
影响因子：
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通讯作者：
Hakkı Yazıcı
中科院分区：
文献类型：
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作者：
Ctirad Slav́ık;Hakkı Yazıcı
过去五年来，美国的技能溢价显着增加。同期，个人工资风险也有所增加。本文提出了一种机制，通过这种机制，工资风险的上升会增加技能溢价。直观上，未保险工资风险的上升会增加预防性储蓄，从而促进资本积累，从而由于资本技能互补而增加技能溢价。使用定量宏观经济模型，我们发现 1967 年至 2010 年间观察到的工资风险上升显着增加了技能溢价。这一发现在各种型号规格中都是可靠的。
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.
DOI：
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发表时间：
2015
期刊：
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影响因子：
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作者：
Ariel Burstein;Eduardo Morales;Jonathan Vogel
通讯作者：
Ariel Burstein;Eduardo Morales;Jonathan Vogel