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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17945| Title: | Wage Dispersion and Overqualification as Entailed by Reder Competition |
| Keywords: | D43 J63 J31 ddc:330 Hiring standards employment criteria selection wages efficiency wages mobility skillbiased technical change overeducation wage dispersion |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | The expansion of higher education in theWestern countries has been accompanied by a marked widening of wage differentials and increasing overqualification. While the increase in wage differentials has been attributed to skill-biased technological change that made advanced skills scarce, this explanation does not fit well with the observed increase in overqualification which suggests that advanced skills are in excess supply. By ?Reder-competition? I refer to the simultaneous adjustment of wage offers and hiring standards in response to changing labor market condition. I present a simple model of Reder competition that reproduces the simultaneous increase in wage differentials and overqualification in response to an increase in education. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17945 |
| Other Identifiers: | http://hdl.handle.net/10419/17945 ppn:558204988 RePEc:zbw:ifwedp:5727 |
| Appears in Collections: | EconStor |
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