Download or read book Skill Heterogeneity and Aggregation Bias Over the Business Cycle written by Mr.Eswar Prasad and published by International Monetary Fund. This book was released on 1995-11-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends the equilibrium business cycle framework to incorporate ex ante skill heterogeneity among workers. Consistent with the empirical evidence, skilled and unskilled workers in the model face the same degree of cyclical variation in real wages although unskilled workers are subject to substantially higher procyclical variation in employment. Systematic cyclical changes in the average skill level of employed workers are shown to induce bias in aggregate measures of cyclical variation in the labor input, productivity, and the real wage. The introduction of skill heterogeneity improves the model’s ability to match the empirical correlation between total hours and the real wage but the correlation between total hours and labor productivity remains higher than in the data.

Download or read book Skill Acquisition Rates and Patterns written by Norman E Lane and published by . This book was released on 1987-09-01 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Skill biased Technical Change written by Hugo Hollanders and published by . This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Is There a Skills Crisis written by Michael J. Handel and published by Levy Economics Institute of Bard College. This book was released on 2000-01-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: