6533b82dfe1ef96bd1291187
RESEARCH PRODUCT
Plant Productivity Dispersion and the College Premium: Evidence from the United States 1977-1997
Damir Stijepicsubject
Wage inequalityLabour economicsCurrent Population Surveymedia_common.quotation_subjecteducationWageDifferential (mechanical device)Sample (statistics)behavioral disciplines and activitiesUnemploymentBusiness cycleUnemployment rateBusinesshealth care economics and organizationsmedia_commondescription
For the United States in 1987-2014, I document at business cycle frequencies that the high-skill workers’ employer size wage premium is high (low) in times of low (high) unemployment relative to that of the low-skill workers. Specifically, the differential employer size wage premium between high-skill and low-skill workers has an unconditional correlation of -0.4 with the unemployment rate, and varies by about 6 percent over the business cycle. The skill premium itself does not exhibit a clear business cycle pattern over the sample period.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2015-01-01 | SSRN Electronic Journal |