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http://hdl.handle.net/10419/20829
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| Title: | | Skill Upgrading and Rigid Relative Wages: The Case of Danish Manufacturing  |
| Authors: | | Sørensen, Anders Skaksen, Jan Rose |
| Issue Date: | | 2003 |
| Series/Report no.: | | IZA Discussion paper series 664 |
| Abstract: | | Relative wages have been remarkably rigid for the last two decades in Danish manufacturing despite large shifts in relative employment from unskilled labor towards skilled and educated labor. Assuming capital-skill complementarity and fixed relative wages as a consequence of labor market institutions, we argue that skill upgrading is more pronounced during downturns than upturns. This prediction is supported by a high positive and significant correlation between changes in relative employment of skilled labor and changes in the unemployment rate. Furthermore, we show that international outsourcing has played an important role in explaining the shift in relative labor demand. |
| Subjects: | | rigid relative wages skill upgrading business cycle outsourcing skill biased technological changes |
| JEL: | | O39 F02 E32 J51 J31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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