Manufacturing Jobs and Inequality Why is the U S Experience Different is popular PDF and ePub book, written by Natalija Novta in 2019-09-13, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Manufacturing Jobs and Inequality Why is the U S Experience Different can be Read Online from any device for your convenience.
Manufacturing Jobs and Inequality Why is the U S Experience Different Book PDF Summary
We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in advanced economies. This contribution is typically small, except in the United States. We explore two possible explanations: the high initial manufacturing wage premium and the high level of income inequality. The manufacturing wage premium declined between the 1980s and the 2000s in the United States, but it does not explain the contemporaneous rise in inequality. Instead, high income inequality played a large role. This is because manufacturing job loss typically implies a move to the service sector, for which the worker is not skilled at first and accepts a low-skill wage. On average, the associated wage cut increases with the overall level of income inequality in the country, conditional on moving down in the wage distribution. Based on a stylized scenario, we calculate that the movement of workers to low-skill service sector jobs can account for about a quarter of the increase in inequality between the 1980s and the 2000s in the United States. Had the U.S. income distribution been more equal, only about one tenth of the actual increase in inequality could have been attributed to the loss of manufacturing jobs, according to our simulations.
Detail Book of Manufacturing Jobs and Inequality Why is the U S Experience Different PDF
- Author : Natalija Novta
- Release : 13 September 2019
- Publisher : International Monetary Fund
- ISBN : 9781513515007
- Genre : Business & Economics
- Total Page : 28 pages
- Language : English
- PDF File Size : 10,5 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Manufacturing Jobs and Inequality Why is the U S Experience Different by Natalija Novta, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.