المستودع الأكاديمي جامعة المدينة

Wage Dispersion and Overqualification as Entailed by Reder Competition

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dc.creator Schlicht, Ekkehart
dc.date 2007
dc.date.accessioned 2013-10-16T06:57:30Z
dc.date.available 2013-10-16T06:57:30Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17945
dc.identifier ppn:558204988
dc.identifier RePEc:zbw:ifwedp:5727
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17945
dc.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.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Economics Discussion Papers / Institut für Weltwirtschaft 2007-22
dc.rights http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
dc.subject D43
dc.subject J63
dc.subject J31
dc.subject ddc:330
dc.subject Hiring standards
dc.subject employment criteria
dc.subject selection wages
dc.subject efficiency wages
dc.subject mobility
dc.subject skillbiased technical change
dc.subject overeducation
dc.subject wage dispersion
dc.title Wage Dispersion and Overqualification as Entailed by Reder Competition
dc.type doc-type:workingPaper


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