Job polarization and structural change

Christian Siegel and Zsofia Barany ()

No 1087, 2016 Meeting Papers from Society for Economic Dynamics

Abstract: We document that job polarization – contrary to the consensus – has started as early as the 1950s in the US: middle-wage workers have been losing both in terms of employment and average wage growth compared to low- and high-wage workers. Given that polarization is a long-run phenomenon and closely linked to the shift from manufacturing to services, we propose a structural change driven explanation, where we explicitly model the sectoral choice of workers. Our simple model does remarkably well not only in matching the evolution of sectoral employment, but also of relative wages over the past fifty years.

Date: 2016
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Related works:
Journal Article: Job Polarization and Structural Change (2018)
Working Paper: Job Polarization and Structural Change (2018)
Working Paper: Job Polarization and Structural Change (2018)
Working Paper: Job Polarization and Structural Change (2015)
Working Paper: Job Polarization and Structural Change (2015)
Working Paper: Job Polarization and Structural Change (2015)
Working Paper: Job Polarization and Structural Change (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed016:1087

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