Why Didn't the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills

Doepke, Matthias; Gaetani, Ruben

doi:10.3386/w27331

Cited by 8 publications

(5 citation statements)

References 61 publications

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“…Differing from their paper, our paper also explores the relationship between export destinations and workers' wage profiles, and we develop a structural model to quantify the aggregate implication. By emphasizing how export destinations impact wage growth through human capital formation, our paper complements a broad literature focusing on the determinants of on-the-job human capital accumulation (e.g., Manuelli and Seshadri 2014, De la Croix et al 2018, Doepke and Gaetani 2020. Moreover, much empirical work finds wage differences between exporters and non-exporters but abstracts from experience returns (e.g., Bernard and Jensen 1995).…”

Section: Introductionmentioning

confidence: 92%

Exporting, Wage Profiles, and Human Capital: Evidence from Brazil

Muendler

Nakab

2023

Review of Economics and Statistics

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Export activity shapes workers' experience-wage profiles. Using employer-employee and customs data for Brazilian manufacturing, we document that workers' experience-wage profiles are steeper at exporters than at non-exporters and, among exporters, steeper at exporters shipping to high-income destinations. We develop and quantify a model featuring worker-firm wage bargaining, export-market entry by multi-worker firms, and human capital accumulation by workers to interpret the data. Human capital growth can explain one-half of the differences in wage profiles between exporters and non-exporters. We show that increased human capital per worker can account for one-half of the overall gains in real income from trade openness.

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Section: Introductionmentioning

confidence: 92%

Exporting, Wage Profiles, and Human Capital: Evidence from Brazil

Muendler

Nakab

2023

Review of Economics and Statistics

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“…Moreover, strict EPL creates the expectation of long-lasting employment relationships and hence encourages investments by workers and firms in relationship-specific capital. Doepke and Gaetani (2020) point out that in those countries such as Germany where firms cannot easily fire workers because of strict EPL, in case of turbulence shocks firms are keen to invest to maintain workers' skills and productivity. Bassanini and Ernst (2002) find that strict EPL in combination with coordinated collective bargaining might have helped innovation and productivity by stimulating the accumulation of firm-specific capital.…”

Section: Employment Protection Legislationmentioning

confidence: 99%

Labor Markets

El-Ganainy¹,

Ernst²,

Merola³

et al. 2021

How to Achieve Inclusive Growth

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Labor earnings are the dominant income source for most individuals. Thus, an inclusive labor market is key for ensuring inclusive growth. In this chapter we propose four principles that an inclusive labor market will embody: access, fairness, protection and voice. While measuring inclusivity presents challenges, we discuss how data can be used to shed light on the extent of inclusivity and document cross-country trends and stylized facts. We also discuss the role of policy in achieving an inclusive labor market, focusing on the need to rebalance growth; improve risk sharing; and fight discrimination. Several messages emerge. First, some policies entail a trade-off between the different dimensions of inclusivity. Second, it is important to view policies as a bundle, taking into account substitution and complementarities. Third, some policies are win-win, in the sense that they both increase inclusivity and improve overall efficiency.

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“…Moreover, strict EPL creates the expectation of long-lasting employment relationships and hence encourages investments by workers and firms in relationship-specific capital. Doepke and Gaetani (2020) point out that in those countries such Germany were firms cannot easily fire workers because of strict EPL, in case of turbulence shocks firms are keen to invest to maintain workers' skills and productivity. Bassanini and Ernst (2002) find that strict EPL in combination with coordinated collective bargaining might have helped innovation and productivity by stimulating the accumulation of firm-specific capital.…”

Section: Employment Protection Legislationmentioning

confidence: 99%

Inclusivity in the Labor Market

Schindler¹,

Ernst²,

El-Ganainy³

et al. 2021

IMF Working Papers

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Labor earnings are the dominant income source for most individuals. Thus, an inclusive labor market is key for ensuring inclusive growth. In this paper we propose four principles that an inclusive labor market will embody: access, fairness, protection and voice. While measuring inclusivity presents challenges, we discuss how data can be used to shed light on the extent of inclusivity and document cross-country trends and stylized facts. We also discuss the role of policy in achieving an inclusive labor market, focusing on the need to rebalance growth; improve risk sharing; and fight discrimination. Several messages emerge. First, some policies entail a trade-off between the different dimensions of inclusivity. Second, it is important to view policies as a bundle, taking into account substitution and complementarities. Third, some policies are win-win, in the sense that they both increase inclusivity and improve overall efficiency.

show abstract

Why Didn't the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills

Cited by 8 publications

References 61 publications

Exporting, Wage Profiles, and Human Capital: Evidence from Brazil

Exporting, Wage Profiles, and Human Capital: Evidence from Brazil

Labor Markets

Inclusivity in the Labor Market

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