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Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18011
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dc.creatorSchlicht, Ekkehart-
dc.date2007-
dc.date.accessioned2013-10-16T06:57:56Z-
dc.date.available2013-10-16T06:57:56Z-
dc.date.issued2013-10-16-
dc.identifierEconomics: The Open-Access, Open-Assessment E-Journal 1 2007-13 1-31 doi:10.5018/economics-ejournal.ja.2007-13-
dc.identifierdoi:10.5018/economics-ejournal.ja.2007-13-
dc.identifierhttp://hdl.handle.net/10419/18011-
dc.identifierppn:550089241-
dc.identifierhttp://www.economics-ejournal.org/economics/journalarticles/2007-13-
dc.identifierRePEc:zbw:ifweej:6636-
dc.identifier.urihttp://koha.mediu.edu.my:8181/xmlui/handle/10419/18011-
dc.descriptionThe expansion of higher education in the Western countries has been accompanied by a marked widening of wage differentials and increasing over-qualification. 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 over-qualification 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 conditions. I present a simple model of Reder competition that depicts wages as driven by labor heterogeneity, rather than scarcity. The mechanism may give rise to a simultaneous increase in wage differentials and over-qualification.-
dc.languageeng-
dc.publisherKiel Institute for the World Economy (IfW) Kiel-
dc.relationeconomics - The Open-Access, Open-Assessment E-Journal 2007-13-
dc.rightshttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.subjectD43-
dc.subjectJ63-
dc.subjectJ31-
dc.subjectddc:330-
dc.subjectHiring standards-
dc.subjectemployment criteria-
dc.subjectselection wages-
dc.subjectefficiency wages-
dc.subjectmobility-
dc.subjectskillbiased technological change-
dc.subjectheterogeneity-biased technological change-
dc.subjectover-qualification-
dc.subjectover-education-
dc.subjectwage dispersion-
dc.subjectReder competition-
dc.subjectPersonalbeschaffung-
dc.subjectQualifikation-
dc.subjectLohndifferenzierung-
dc.subjectÜberqualifikation-
dc.subjectTechnischer Fortschritt-
dc.titleWage Dispersion, Over-Qualification, and Reder Competition-
dc.typedoc-type:article-
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