Methods in Labor Economics

What about the hours of work are we edging towards a

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: urs of work? Are we edging towards a "leisure" society"? How about earnings and wages, does it pay to get a university degree? How about immigrants, how are they faring in the labour market? What about wage inequality? Are the rich getting richer and the poor getting poorer? Is globalization implicated in the changes? See http://topincomes.parisschoolofeconomics.eu/ .5 .6 .7 .8 .9 Figure 1. Labor Force Participation 18-65 Year Olds 1975 1980 1985 All Men Predicted by Quadratic Canadian Women 1990 Year 1995 2000 2005 All Women College-Educated Women Note: Computed from March CPS data and Statistics Canada, CANSIM data. . Source: Alesina, Glaeser and Sacerdote (2005) Figure 1 Annual Hours Worked Over Time OECD data. Annual hours per employed person. Annual hours are equivalent to 52*usual weekly hours minus holidays, vacations, sick leave. 2200 2000 US 1800 Italy 1600 France Germany 1400 1200 62 20 02 20 00 19 98 19 96 19 94 19 92 19 90 19 88 19 86 19 84 19 82 19 80 19 78 19 76 19 74 19 72 19 70 19 68 19 66 19 64 19 62 19 60 1000 What is the ratio of women’s to men’s earnings on average in Canada? • Between 1984 -2008, the gender wage gap narrowed by 9.6 percentage points or in points or in relative terms, by 13% 13% Source: Marie Drolet, 2010. Fortin – Econ 560 Lecture 0 0 Raw Log Wage Differential .1 .2 .3 .4 .5 A. College/High School Wage Premium among 25-39 Year Olds (CPS-MORG) 1975 1980 1985 1990 1995 2000 2005 Year Male Female-Male Difference Source: Fortin, Oreopoulos, Phipps (2013) Female 2010 Source: Green and Worswick (2009) Figure 1 Predicted Differences in log Earnings Relative to 1980-82 Immigrant Arrival Cohort Immigrant Men 0 0 12 3 45 67 8 9 10 11 12 13 14 15 16 17 18 19 20 ‐0.2 ‐0.4 1983‐86 1987‐89 1990‐92 ‐0.6 1993‐96 1997‐99 ‐0.8 2000‐02 ‐1 ‐1.2 Years‐Since‐Migration 35 Table 1. Real Income Growth by Groups Average Income Real Growth Clinton Expansion 1993-2000 2001 Recession 2000-2002 Bush Expansion 2002-2007 Great Recession 20072009 Recovery 2009-2011 Bottom 99% Incomes Real Growth Fraction of total growth (or loss) captured by top 1% (1) Full period 1993-2011 Top 1% Incomes Real Growth (2) (3) (4) 13.1% 57.5% 5.8% 62% 31.5% 98.7% 20.3% 45% -11.7% -30....
View Full Document

This document was uploaded on 02/26/2014 for the course ECON 560 at UBC.

Ask a homework question - tutors are online