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UID:aa0136eec9f1d8377ce2db93ac97e792
CATEGORIES:Seminars
CREATED:20190305T173350
SUMMARY:Lunch Seminar: Hans-Martin von Gaudecker - University of Bonn
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Task Prices, Skill Selection, and Wage Inequality (joint with Michael Böhm 
 and Felix Schran)\nAbstract: \nThis paper develops a new method to estimate
  changing task prices per unit of skill from an economic model of sector ch
 oice. Applying our method to German administrative panel data, we establish
  important links between occupational trends and surging wage inequality. F
 irst, changes of task prices and occupational employment growth go hand in 
 hand. This fact contrasts with the relation of employment and average wages
 , which are uncorrelated. It furthermore is consistent with shocks to deman
 d, for example via routinization or changing trade patterns. Second, the mo
 re an occupation grows, the larger is the skill difference between incumben
 ts on the one hand and entrants or leavers on the other hand. Aggregating t
 hese differences with total net entry accounts for most of the declining sk
 ills of growing occupations, which counteract the effect of task prices whe
 n looking at wages. Third, task prices explain a sizable share of rising wa
 ge dispersion. Our empirical model is able to reproduce the increase of upp
 er as well as lower-half wage inequality during the 1984-2010 period.\n
DTSTAMP:20260405T230017Z
DTSTART:20190313T130000Z
DTEND:20190313T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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