Claims: The Income Channel to Labor-Market Polarization -- by Diego A. Comin, Ana Danieli, Martí Mestieri
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- title: The Income Channel to Labor-Market Polarization -- by Diego A. Comin, Ana Danieli, Martí Mestieri Source
- url: https://www.nber.org/papers/w35315#fromrss Source
- summary: We study labor-market polarization by developing a framework with heterogeneous consumers, non-homothetic preferences, and endogenous labor supply a la Roy (1951). Because income-elastic sectors are intensive in high- and low-skilled occupations, shocks that raise either the average or the dispersion of income across households shift relative labor demand toward these occupations, generating an income channel to polarization. We quantify this channel by comparing the effect of shocks that affect… Source
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