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Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
Working Paper Series No. 56
Verlag: 
University of Waterloo, Canadian Labour Economics Forum (CLEF), Waterloo
Zusammenfassung: 
We characterize the employment value of different worker-occupation matches and estimate the substitutability of match-specific inputs in production. In an equilibrium model of the U.S. labor market, we examine the responses of employment and wages to shifts in technology and match values. Earnings are mainly driven by technology while match value heterogeneity influences the distribution of workers across occupations. The model delivers measures of rents and compensating differentials. After 1980, employment rents increased for educated workers but stagnated for others. Compensating differentials have risen on average, particularly in occupations where worker mobility has grown.
Schlagwörter: 
employment
wages
equilibrium
technological change
heterogeneity
occupations
JEL: 
D51
D58
J2
J3
J62
Dokumentart: 
Working Paper

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