Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/222653 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
SOEPpapers on Multidisciplinary Panel Data Research No. 1093
Verlag: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Zusammenfassung: 
Why has the college wage premium risen rapidly in the United States since the 1980s, but not in European economies such as Germany? We argue that differences in employment protection can account for much of the gap. We develop a model in which firms and workers make relationship-specific investments in skill accumulation. The incentive to invest is stronger when employment protection creates an expectation of long-lasting matches. We argue that changes in the economic environment have reduced relationship-specific investment for less-educated workers in the United States, but not for better-protected workers in Germany.
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
507.38 kB





Publikationen in EconStor sind urheberrechtlich geschützt.