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Labour market effects of wage inequality and skill-biased technical change in Germany

Christian Hutter and Enzo Weber

No 201705, IAB Discussion Paper from Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany]

Abstract: "This paper analyses the relationship between wage inequality and labour market development. Relevant economic theories are ambiguous, just as public debates. We measure the effects of wage inequality, skill-biased and skill-neutral technology on hours worked, productivity and wages in a novel structural vector error correction framework identified by non-recursive long-run restrictions. Results show that skill-biased technology shocks reduce hours worked but increase inequality, productivity and wages. Structural inequality shocks also have a negative impact on hours worked, but additionally reduce productivity. We find relevant effects of inequality both above and below the median wage." (Author's abstract, IAB-Doku) ((en))

Keywords: Lohnunterschied; Beschäftigungseffekte; technischer Wandel - Auswirkungen; Qualifikationsanforderungen; Einkommenseffekte; Arbeitsvolumen; Lohnkosten; Produktivitätseffekte; Lohnentwicklung; Integrierte Erwerbsbiografien (search for similar items in EconPapers)
JEL-codes: C32 I24 J24 J31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lma
Date: 2017-02-08
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