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Skill compression, wage differentials and employment : Germany vs. the US
- Author / Creator
- Available as
- Online
- Summary
-
Abstract: Germany's more compressed wage structure is taken by many analysts as the main cause of the German-US difference in job creation. We find that the US has a more dispersed level of skills ...
Abstract: Germany's more compressed wage structure is taken by many analysts as the main cause of the German-US difference in job creation. We find that the US has a more dispersed level of skills than Germany but even adjusted for skills, Germany has a more compressed wage distribution than the US. The fact that jobless Germans have nearly the same skills as employed Germans and look more like average Americans than like low skilled Americans runs counter to the wage compression hypothesis. It suggests that the pay and employment experience of low skilled Americans is a poor counterfactual for assessing how reductions in pay might affect jobless Germans.
Details
- Creator
- Richard Freeman, Ronald Schettkat
- Format
- Books
- Language
- English
- Contributors
- Publication
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- Cambridge, MA : National Bureau of Economic Research, [2000]
- ©2000
- Physical Details
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- 1 online resource (28 pages) : illustrations
- data file
- OCLC
- ocm70123363
- "March 2000."
- Includes bibliographical references (page 15).
Subjects
- Job creation -- Germany -- Econometric models.
- Job creation -- United States -- Econometric models.
- Wage differentials -- Germany -- Econometric models.
- Wage differentials -- United States -- Econometric models.
- Unskilled labor -- Supply and demand -- Germany -- Econometric models.
- Unskilled labor -- Supply and demand -- United States -- Econometric models.
- Labor supply -- Effect of education on -- Germany -- Econometric models.
- Labor supply -- Effect of education on -- United States -- Econometric models.