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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18011| Title: | Wage Dispersion, Over-Qualification, and Reder Competition |
| Keywords: | D43 J63 J31 ddc:330 Hiring standards employment criteria selection wages efficiency wages mobility skillbiased technological change heterogeneity-biased technological change over-qualification over-education wage dispersion Reder competition Personalbeschaffung Qualifikation Lohndifferenzierung Überqualifikation Technischer Fortschritt |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | The 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18011 |
| Other Identifiers: | Economics: The Open-Access, Open-Assessment E-Journal 1 2007-13 1-31 doi:10.5018/economics-ejournal.ja.2007-13 doi:10.5018/economics-ejournal.ja.2007-13 http://hdl.handle.net/10419/18011 ppn:550089241 http://www.economics-ejournal.org/economics/journalarticles/2007-13 RePEc:zbw:ifweej:6636 |
| Appears in Collections: | EconStor |
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