Declining returns to skill and the distribution of wages : Spain 1995-2006

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Show simple item record Carrasco, Raquel Jimeno, Juan F. Ortega, Ana Carolina
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía 2012-11-19T13:57:44Z 2012-11-19T13:57:44Z 2012-11
dc.identifier.issn 2340-5031
dc.description.abstract In contrast to the pattern observed in other developed countries, Spanish wage inequality did not increase during the period from 1995-2006. In this paper we analyse the relative role of supply and demand factors when accounting for this “atypical” fact. Because noticeable changes in both labour supply and labour demand - such as educational upgrading of the labour force, huge immigration flows, and a boom in the construction sector - took place during these years, we start by decomposing observed wage changes into changes in the composition of the labour force and changes in the prices of workers’ and jobs’ characteristics. The results indicate that the compression of the wage distribution is largely explained by a decrease in the returns to education. We also provide some evidence of the relative impact of labour supply and labour demand factors on the changes of these returns, showing that both the increase in the supply of high-skilled workers and the increasing weight of low-skilled occupations are related to the decreasing trend in the skill premium over this period.
dc.description.sponsorship The first author aknowledges research funding from the Spanish Ministry of Science and Innovation, Grant No. ECO2009-11165
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working papers. Economics
dc.relation.ispartofseries 12-31
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.subject.other Wage structure
dc.subject.other Quantile regressions
dc.subject.other Composition effects
dc.subject.other Polarization
dc.title Declining returns to skill and the distribution of wages : Spain 1995-2006
dc.type workingPaper
dc.subject.jel J31
dc.subject.jel J21
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
dc.relation.projectID Gobierno de España. ECO2009-11165
dc.type.version submitedVersion
dc.identifier.uxxi DT/0000000826
dc.identifier.repec we1231
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