The Effect of Industry-Level Aggregate Demand on Earnings: Evidence from the US.
Economic theory suggests that workers' pay is mainly determined by their marginal product and that industry wage differentials may result either from the structure of the industry (demand type factors) or human capital characteristics of the employed labour force (supply type factors). This study us...
| Publicado en: | Journal of Labor Research Vol. 41; no. 1/2; pp. 102 - 128 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Springer Nature
Jun2020
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=143855285&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 143855285 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 01953613 JLR jtl: Journal of Labor Research issn: 01953613 maglogo: N pubinfo: dt: Jun2020 vid: 41 iid: 1/2 pid: 237 pub: Springer Nature artinfo: ui: 143855285 10.1007/s12122-020-09299-z ppf: 102 ppct: 26 formats: fmt: – @attributes: type: T – @attributes: type: P size: 543KB tig: atl: The Effect of Industry-Level Aggregate Demand on Earnings: Evidence from the US. aug: au: McCausland, W. D. Summerfield, F. Theodossiou, I. affil: Department of Economics and Centre for European Labour Market Research, University of Aberdeen, Aberdeen, Scotland Department of Economics, St. Francis Xavier University, Antigonish, Canada su: Wage differentials Economics Human capital Labor market Aggregate demand sug: subj: Wage differentials Economics Human capital Labor market Aggregate demand keyword: E24 Industrial earnings J31 J63 Macroeconomic demand E24 Industrial earnings J31 J63 Macroeconomic demand ab: Economic theory suggests that workers' pay is mainly determined by their marginal product and that industry wage differentials may result either from the structure of the industry (demand type factors) or human capital characteristics of the employed labour force (supply type factors). This study uses a major data set from the US that allows the investigation of the effects of these demand and supply type factors on average earnings across industries. Importantly, this paper shows that aggregate demand relevant to the particular industry has a strong positive effect on the industry's average earnings in addition to the previously established results regarding the significance of the effects of worker and firm characteristics. Consequently, labour market policies crafted without due consideration of macroeconomic demand may be ineffective as a solution to the proliferation of low pay employment. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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