Skilled Tradable Services: The Transformation of U.S. High-Skill Labor Markets

2019 ◽  
Author(s):  
Fabian Eckert ◽  
Sharat Ganapati ◽  
Conor Walsh
Keyword(s):  
Labor Markets ◽  
High Skill

scholarly journals Inefficiencies in Networked Markets

2015 ◽  
Vol 7 (4) ◽  
pp. 43-82 ◽  
Author(s):  
Matthew Elliott
Keyword(s):  
Natural Gas ◽  
Labor Markets ◽  
International Market ◽  
Gains From Trade ◽  
Specific Investments ◽  
High Skill

In many markets, relationship specific investments are necessary for trade. These formed relationships constitute a networked market in which not all buyers can trade with all sellers. We show that networked markets can be decomposed to identify how alternative trading opportunities affect who trades with whom and at what price. This uncovers agents' incentives to invest in relationships. Investment inefficiencies can eliminate all the gains from trade, but for reasons that differ depending on how investments are made. Three applications are considered in detail: high-skill labor markets, merger markets when industries are consolidating, and the international market for natural gas. (JEL C78, D85, D86)

scholarly journals Spillovers from High-Skill Consumption to Low-Skill Labor Markets

2013 ◽  
Vol 95 (1) ◽  
pp. 74-86 ◽  
Author(s):  
Francesca Mazzolari ◽  
Giuseppe Ragusa
Keyword(s):  
Labor Markets ◽  
High Skill

scholarly journals Spillovers from High-Skill Consumption to Low-Skill Labor Markets

2007 ◽  
Author(s):  
Francesca Mazzolari ◽  
Giuseppe Ragusa
Keyword(s):  
Labor Markets ◽  
High Skill

Pathways to Adjustment: The Case of Information Technology Workers

2013 ◽  
Vol 103 (3) ◽  
pp. 203-207 ◽  
Author(s):  
John Bound ◽  
Breno Braga ◽  
Joseph M Golden ◽  
Sarah Turner
Keyword(s):  
Information Technology ◽  
Labor Markets ◽  
Skilled Workers ◽  
Science And Engineering ◽  
Information Technology Workers ◽  
Demand Shock ◽  
Computer Scientists ◽  
Electrical Engineers ◽  
Short Run ◽  
High Skill

One long-standing hypothesis about science and engineering labor markets is that the supply of highly skilled workers is likely to be inelastic in the short run. We consider the market for computer scientists and electrical engineers (IT workers) and the evolution of wages and employment through two periods of increased demand. Relative to the boom of the 1970s, the demand shock in the 1990s generated relatively greater changes in employment and smaller changes in wages. The growth in the pool of skilled workers abroad, combined with increased immigration in high-skill fields, is central to this story.

Immigration in High-Skill Labor Markets

2013 ◽  
pp. 131-162 ◽  
Author(s):  
George J. Borjas
Keyword(s):  
Labor Markets ◽  
High Skill

scholarly journals OUTSOURCING PETER TO PAY PAUL: HIGH-SKILL EXPECTATIONS AND LOW-SKILL WAGES WITH IMPERFECT LABOR MARKETS

2008 ◽  
Vol 12 (4) ◽  
pp. 463-479 ◽  
Author(s):  
Carl Davidson ◽  
Steven J. Matusz ◽  
Andrei Shevchenko
Keyword(s):  
Labor Market ◽  
General Equilibrium ◽  
Labor Markets ◽  
High Tech ◽  
Wage Increase ◽  
Outside Options ◽  
The Impact ◽  
High Skill

In this paper, we investigate the impact of globalization on wages earned by low- and high-skill workers when openness leads to the outsourcing of high-tech jobs abroad. We have shown that low-skill workers may become considerably better off after globalization because high-skill workers start accepting low-tech jobs. The switch in the behavior of high-skill workers brings about general equilibrium responses from the firm side of the labor market with the outside options for low-skill workers improving significantly. This feedback works as a magnification mechanism that leads to a discontinuous wage increase that one would not be able to get without careful modeling of the frictions in the labor market.

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