Who's Not Working and Why: Employment, Cognitive Skills, Wages, and the Changing U.S. Labor Market
  • Who's Not Working and Why: Employment, Cognitive Skills, Wages, and the Changing U.S. Labor Market
  • Who's Not Working and Why: Employment, Cognitive Skills, Wages, and the Changing U.S. Labor Market

Who's Not Working and Why: Employment, Cognitive Skills, Wages, and the Changing U.S. Labor Market

by Frederic L. Pryor, David L. Schaffer
     
 

This book presents a view of the operations of the labor market totally different from the conventional wisdom. The authors present data showing on one hand that jobs requiring a high level of education are increasing more slowly than those requiring somewhat fewer educational credentials. On the other hand, these jobs requiring less education are increasing faster… See more details below

Overview

This book presents a view of the operations of the labor market totally different from the conventional wisdom. The authors present data showing on one hand that jobs requiring a high level of education are increasing more slowly than those requiring somewhat fewer educational credentials. On the other hand, these jobs requiring less education are increasing faster than those requiring still less formal education. Additionally, Professors Pryor and Schaffer show how women are replacing men in jobs requiring higher levels of education. Using these insights the authors also explain why wages have become more unequal, why wages in those jobs requiring extra-high cognitive skills have risen and why all other wages have stagnated or fallen in the past quarter century.

Product Details

ISBN-13:
9780521651523
Publisher:
Cambridge University Press
Publication date:
10/28/2012
Pages:
233
Product dimensions:
5.98(w) x 8.98(h) x 0.75(d)

Table of Contents

List of tables and charts
Acknowledgments
1The Changing Labor Market1
2Cognitive Skills, Education, and Other Determinants of Employment19
3Upskilling and Educational Upgrading of Occupations47
4Labor Force Displacement Mechanisms74
5Wage Levels102
6The Distribution of Hourly Wages137
7Five Misleading Theories about Joblessness170
8Notes on Subjective and Institutional Factors205
9Final Observations216
App. 1.1The Current Population Survey Data234
App. 1.2Unemployment and Labor Force Non-Participation of the Prime-Age Population234
App. 1.3Determinants of Employment in 1971 and 1994237
App. 2.1The Data from the National Adult Literacy Survey240
App. 2.2Notes on the Education Variable in the Current Population Survey243
App. 3.1Imputing 1994-95 Census Occupation Codes for the March 1971 and 1972 CPS Samples248
App. 3.2Biases in the Data on Occupations249
App. 3.3Skill Ratings and Structural Changes in Skills250
App. 3.4Occupational Deskilling by Educational Tier253
App. 3.5More Data on Years of Education and Occupation of Prime-Age Workers255
App. 4.1More Data on years of Education and Occupation of Prime-age Workers257
App. 4.2Using the Biproportional Matrix Technique for Decomposition260
App. 4.3Further Decomposition of the Structural Changes263
App. 5.1More Data on Median Hourly Wages264
App. 5.2Estimating Hourly Wage Data266
App. 5.3The Impact of Other Cognitive Skills on Wages269
App. 5.4Wage Regressions at Different Points in Time271
App. 6.1More Charts on Wage Distributions272
App. 7.1The Impact of Immigration on the Employment of Native-Born Workers274
App. 8.1Determinants of Hiring Criteria and of Labor Force Composition276
Bibliography280
Name Index292
Subject Index295

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