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Statements

Subject Item
n2:RIV%2F00216208%3A11640%2F14%3A00441233%21RIV15-MSM-11640___
rdf:type
skos:Concept n16:Vysledek
dcterms:description
The Krugman hypothesis attributes high wage inequality in the USA and high unemployment in continental Europe in the 1980s to the same negative change in the demand for the low skilled under different degrees of wage rigidity. This article revisits the hypothesis to explain the labour market developments in France, the UK, and the USA in the 1990s. I estimate a labour supply and labour demand model with heterogeneous types of labour to analyse the effects of market forces and wage rigidity on changes in skill-group labour market outcomes. The results provide evidence in favor of the Krugman hypothesis when France is compared to the USA and the UK. I also find support for an extended version of the Krugman hypothesis, which suggests that when labour supply is sensitive to wages, there is a trade-off between unemployment on one hand and wage inequality and inactivity on the other. The Krugman hypothesis attributes high wage inequality in the USA and high unemployment in continental Europe in the 1980s to the same negative change in the demand for the low skilled under different degrees of wage rigidity. This article revisits the hypothesis to explain the labour market developments in France, the UK, and the USA in the 1990s. I estimate a labour supply and labour demand model with heterogeneous types of labour to analyse the effects of market forces and wage rigidity on changes in skill-group labour market outcomes. The results provide evidence in favor of the Krugman hypothesis when France is compared to the USA and the UK. I also find support for an extended version of the Krugman hypothesis, which suggests that when labour supply is sensitive to wages, there is a trade-off between unemployment on one hand and wage inequality and inactivity on the other.
dcterms:title
The trade-off between unemployment and wage inequality revisited The trade-off between unemployment and wage inequality revisited
skos:prefLabel
The trade-off between unemployment and wage inequality revisited The trade-off between unemployment and wage inequality revisited
skos:notation
RIV/00216208:11640/14:00441233!RIV15-MSM-11640___
n3:aktivita
n11:I
n3:aktivity
I
n3:cisloPeriodika
4
n3:dodaniDat
n7:2015
n3:domaciTvurceVysledku
n4:7020260
n3:druhVysledku
n18:J
n3:duvernostUdaju
n17:S
n3:entitaPredkladatele
n5:predkladatel
n3:idSjednocenehoVysledku
50907
n3:idVysledku
RIV/00216208:11640/14:00441233
n3:jazykVysledku
n14:eng
n3:klicovaSlova
unemployment; wage inequality; labor supply
n3:klicoveSlovo
n6:labor%20supply n6:wage%20inequality n6:unemployment
n3:kodStatuVydavatele
GB - Spojené království Velké Británie a Severního Irska
n3:kontrolniKodProRIV
[E81FB33577A0]
n3:nazevZdroje
Oxford Economic Papers-New Series
n3:obor
n9:AH
n3:pocetDomacichTvurcuVysledku
1
n3:pocetTvurcuVysledku
1
n3:rokUplatneniVysledku
n7:2014
n3:svazekPeriodika
66
n3:tvurceVysledku
Bičáková, Alena
n3:wos
000343680200001
s:issn
0030-7653
s:numberOfPages
15
n10:doi
10.1093/oep/gpu015
n15:organizacniJednotka
11640