scholarly journals The Minimum Wage and the Great Recession: Evidence of Effects on the Employment and Income Trajectories of Low-Skilled Workers

2014 ◽  
Author(s):  
Jeffrey Clemens ◽  
Michael Wither
Keyword(s):  
Minimum Wage ◽  
Great Recession ◽  
Skilled Workers ◽  
The Great Recession

The Skill Shortage in German Establishments Before, During and After the Great Recession

2014 ◽  
Vol 234 (6) ◽  
Author(s):  
Lutz Bellmann ◽  
Olaf Hübler
Keyword(s):  
Great Recession ◽  
Older Workers ◽  
Service Sector ◽  
Working Time ◽  
Firm Characteristics ◽  
Skilled Workers ◽  
Opposite Pattern ◽  
The Great Recession ◽  
Before And After ◽  
The Empirical Analysis

SummaryThis paper investigates the development of skill shortages during the period 2007-2012. Using the German Establishment Panel of the Institute for Employment Research (IAB), we find differences across the years before, during and after the Great Recession. Furthermore, we analyze the importance of firm characteristics and that of certain, specific measures with respect to the skill shortage.The empirical analysis reveals that the relative skill shortage in the service sector during the Great Recession was more substantial than before and after 2009. The opposite pattern is observed for working time accounts. Firms with a high share of female workers typically experience usually less difficulty in finding qualified employees to fill jobs. However, during the Great Recession, the opposite was observed. Young firms facing competitive pressure, high wages, and without working time accounts that did not hoard skilled workers in the past tend to skill shortage. The estimations confirm that apprenticeship and further training serve to reduce the number of unfilled, high-skill jobs. It is also helpful when the firm has developed a plan for its personnel requirements. Other measures such as retaining older workers or hiring foreign workers were not successful. Ultimately, a skill shortage within a firm is often only a short-term phenomenon and less often observed over a longer period.

scholarly journals Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings

2018 ◽  
Vol 108 (7) ◽  
pp. 1737-1772 ◽  
Author(s):  
Brad Hershbein ◽  
Lisa B. Kahn
Keyword(s):  
Technological Change ◽  
Great Recession ◽  
Wage Growth ◽  
Relative Wage ◽  
Capital Investments ◽  
Skilled Workers ◽  
The Great Recession ◽  
Biased Technological Change ◽  
Job Vacancy ◽  
Skill Requirements

We show that skill requirements in job vacancy postings differentially increased in MSAs that were hit hard by the Great Recession, relative to less hard-hit areas. These increases persist through at least the end of 2015 and are correlated with increases in capital investments, both at the MSA and firm levels. We also find that effects are most pronounced in routine-cognitive occupations, which exhibit relative wage growth as well. We argue that this evidence is consistent with the restructuring of production toward routine-biased technologies and the more-skilled workers that complement them, and that the Great Recession accelerated this process. (JEL E24, E32, J24, J31, J63, L23, O33)

Minimum Wage Laws and Top Income Shares: Evidence From A Large Panel of States

1970 ◽  
Vol 38 (1) ◽  
pp. 25-37
Author(s):  
Mark Frank
Keyword(s):  
United States ◽  
Minimum Wage ◽  
Great Recession ◽  
The United States ◽  
The Real ◽  
The Great Recession ◽  
Federal Minimum Wage ◽  
Top Income Shares ◽  
Large Panel ◽  
The Relationship

Over the three decades prior to the onset of the Great Recession in 2007, theincome share of the top 1% in the United States rose by over 150% (from 9.3% to23.5%). During the same period, the real federal minimum wage fell by about 35%(from $8.92 to $5.76 in 2011 dollars). This paper uses a comprehensive panel ofU.S. states to explore the effect of changes in the real minimum wage on top incomeshares. Our findings indicate that the relationship between is negative in nature, butnot robust to small changes in the econometric specification or in the measurementof inequality.

Women and men's employment and unemployment in the great recession

2010 ◽  
Author(s):  
Heidi Hartmann ◽  
Ashley English ◽  
Jeffrey Hayes
Keyword(s):  
Great Recession ◽  
The Great Recession

The great recession and job stress among employed workers

2013 ◽  
Author(s):  
Mark Tausig ◽  
Rudy Fenwick
Keyword(s):  
Job Stress ◽  
Great Recession ◽  
The Great Recession
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