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Rising wage dispersion between white-collar and blue-collar workers and market concentration: case of the USA, 1966-2011
[Arbeitspapier]
Körperschaftlicher Herausgeber
Universität Hamburg, Fak. Wirtschafts- und Sozialwissenschaften, FB Sozialökonomie, Zentrum für Ökonomische und Soziologische Studien (ZÖSS)
Abstract In this paper, I address the simple question "What types of employees have been steadily paid more by what type of employers?" and I suggest that rising market concentration has a significant structural impact on the wage differentials between white and blue-collar workers. The innovative contributi... mehr
In this paper, I address the simple question "What types of employees have been steadily paid more by what type of employers?" and I suggest that rising market concentration has a significant structural impact on the wage differentials between white and blue-collar workers. The innovative contribution of this paper is to reveal this relationship of structural causality, which has been hitherto absent from the literature. The argument is tested via fred.stlouisfed annual datasets for the USA between 1966 and 2011 using Vector Autoregressive Model. The findings show that the responses of wage dispersion to one-unit shock in market concentration are positive and significant over a period of 10 years. Furthermore, 18% of variations in wage dispersion in the short-run and 30% of variations in the long-run are explained by market concentration.... weniger
Thesaurusschlagwörter
Lohnunterschied; Arbeiter; Angestellter; Direktinvestition; Lohn; Arbeitsmarkt; USA
Klassifikation
Arbeitsmarktforschung
Industrie- und Betriebssoziologie, Arbeitssoziologie, industrielle Beziehungen
Freie Schlagwörter
Marktkonzentration; market concentration
Sprache Dokument
Englisch
Publikationsjahr
2017
Erscheinungsort
Hamburg
Seitenangabe
33 S.
Schriftenreihe
ZÖSS Discussion Paper, 62
ISSN
1868-4947
Status
Veröffentlichungsversion; begutachtet
Lizenz
Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung