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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Estimating Guard Labor, Arjun Jayadev
Estimating Guard Labor, Arjun Jayadev
Arjun Jayadev
As a background paper to Jayadev and Bowles (2006), this paper provides details on our measure of guard labor as we measure these in labor units. Data from the United States indicate a significant increase in its extent in the U.S. over the period 1890 to the present. Cross-national comparisons show a significant statistical association between income inequality and the fraction of the labor force that is constituted by guard labor, as well as with measures of political legitimacy (inversely) and political conflict.
Resolving America's Human Capital Paradox: A Jobs Compact For The Future, Thomas A. Kochan
Resolving America's Human Capital Paradox: A Jobs Compact For The Future, Thomas A. Kochan
Upjohn Institute Policy Papers
It is widely recognized that human capital is essential to sustaining a competitive economy at high and rising living standards. Yet acceptance of persistent high unemployment, stagnant wages, and other indicators of declining job quality suggests that policymakers and employers undervalue human capital. This paper traces the root cause of this apparent paradox to the primacy afforded shareholder value over human resource considerations in American firms and the longstanding gridlock over employment policy. I suggest that a new jobs compact will be needed to close the deficit in jobs lost in the recent recession and to achieve sustained real wage …
America's Human Capital Paradox, Thomas A. Kochan
America's Human Capital Paradox, Thomas A. Kochan
Upjohn Institute Working Papers
It is widely recognized that human capital is essential to sustaining a competitive economy at high and rising living standards. Yet acceptance of persistent high unemployment, stagnant wages, and other indicators of declining job quality suggests that policymakers and employers undervalue human capital. This paper traces the root cause of this apparent paradox to the primacy afforded shareholder value over human resource considerations in American firms and the longstanding gridlock over employment policy. I suggest that a new jobs compact will be needed to close the deficit in jobs lost in the recent recession and to achieve sustained real wage …
Decomposing The Sources Of Earnings Inequality: Assessing The Role Of Reallocation, Julia Ingrid Lane
Decomposing The Sources Of Earnings Inequality: Assessing The Role Of Reallocation, Julia Ingrid Lane
Julia Ingrid Lane
This paper exploits longitudinal employer-employee matched data from the U.S. Census Bureau to investigate the contribution of worker and firm reallocation to changes in earnings inequality within and across industries between 1992 and 2003. We find that factors that cannot be measured using standard cross-sectional data, including the entry and exit of firms and the sorting of workers across firms, are important sources of changes in earnings distributions over time. Our results also suggest that the dynamics driving changes in earnings inequality are heterogeneous across industries.