Data and code for: Why Didn't the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills
Principal Investigator(s): View help for Principal Investigator(s) Matthias Doepke, London School of Economics; Ruben Gaetani, University of Toronto
Version: View help for Version V2
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| Germany | 05/24/2023 04:53:PM | ||
| US | 05/24/2023 06:26:PM | ||
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application/vnd.openxmlformats-officedocument.spreadsheetml.sheet | 14.1 KB | 05/24/2023 12:51:PM |
Project Description
Summary:
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Why has the college wage premium risen rapidly in the United States since the 1980s, but not in European economies such as Germany? We argue that differences in employment protection can account for much of the gap. We develop a model in which firms and workers make relationship-specific investments in skill accumulation. The incentive to invest is stronger when employment protection creates an expectation of long-lasting matches. We argue that changes in the economic environment have reduced relationship-specific investment for less-educated workers in the United States, but not for better-protected workers in Germany.
Scope of Project
Subject Terms:
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job skills;
labor markets;
inequality;
labor protection
Geographic Coverage:
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United States,
Germany
Related Publications
Published Versions
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