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Title: Empirical Evidence on Wage Polarization: A Panel Analysis
Citation Type: Journal Article
Publication Year: 2011
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Abstract: This paper focuses on the role of technology and globalization in explaining the polarization of the labor market, utilizing the NLSY-79 data. Results from panel regressions show evidence of polarization and are consistent with results obtained in the literature using alternative data sources. A statistically significant shift in the wage equation occurred after 1988, and in the period following 1988, technology was highly complementary in raising the level of wages of skilled workers. Globalization negatively affects the wages of production workers and of workers in low-skilled occupations. Wages of high-skilled and sales jobs are unaffected by global trade and outsourcing.
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Authors: Afxention, Diamando; Kutasovic, Paul, R
Periodical (Full): Journal of Business & Economic Studies
Issue: 1
Volume: 17
Pages: 48-64
Data Collections: IPUMS CPS
Topics: Labor Force and Occupational Structure
Countries: United States