All

What are you looking for?

All
Projects
Results
Organizations

Quick search

  • Projects supported by TA ČR
  • Excellent projects
  • Projects with the highest public support
  • Current projects

Smart search

  • That is how I find a specific +word
  • That is how I leave the -word out of the results
  • “That is how I can find the whole phrase”

Wage risk and the skill premium

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F22%3A00568741" target="_blank" >RIV/67985998:_____/22:00568741 - isvavai.cz</a>

  • Alternative codes found

    RIV/00216208:11640/22:00559243

  • Result on the web

    <a href="https://doi.org/10.1093/ej/ueac015" target="_blank" >https://doi.org/10.1093/ej/ueac015</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.1093/ej/ueac015" target="_blank" >10.1093/ej/ueac015</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Wage risk and the skill premium

  • Original language description

    The skill premium has increased significantly in the United States in the last five decades. During the same period, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill premium. Intuitively, a rise in uninsured wage risk increases precautionary savings, thereby boosting capital accumulation, which increases the skill premium due to capital-skill complementarity. Using a quantitative macroeconomic model, we find that the rise in wage risk observed between 1967 and 2010 increases the skill premium significantly. This finding is robust across a variety of model specifications.

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database

  • CEP classification

  • OECD FORD branch

    50202 - Applied Economics, Econometrics

Result continuities

  • Project

    <a href="/en/project/GA17-27676S" target="_blank" >GA17-27676S: Rising Economic Inequality: Reasons and Policies</a><br>

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2022

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    Economic Journal

  • ISSN

    0013-0133

  • e-ISSN

    1468-0297

  • Volume of the periodical

    132

  • Issue of the periodical within the volume

    646

  • Country of publishing house

    GB - UNITED KINGDOM

  • Number of pages

    24

  • Pages from-to

    2207-2230

  • UT code for WoS article

    000787430200001

  • EID of the result in the Scopus database

    2-s2.0-85143176078