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- W1487002266 abstract "Abstract During the last thirty years, labor markets in advanced economies were characterized by their remarkable polarization. As job opportunities in middle-skill occupations disappeared, employment opportunities concentrated in the highest and lowest wage occupations. A two-country stochastic growth model that incorporates trade in tasks, rather than in goods, accounts for this evidence. This polarization did not result from a steady process: the relative employment share of each skill group significantly fluctuated over short to medium horizons. The aggregate shocks estimated within this framework can rationalize the observed skill-based employment dynamics, while providing a good fit to the macroeconomic data." @default.
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- W1487002266 date "2016-05-01" @default.
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- W1487002266 title "Labor market polarization and international macroeconomic dynamics" @default.
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- W1487002266 doi "https://doi.org/10.1016/j.jmoneco.2016.01.004" @default.
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