2 ms·
That is very much addressed in the content of this paper. from the introduction > An obvious candidate for this decline in younger men’s hours is a decline in
by ficustree 9y ago
That is very much addressed in the content of this paper. from the introduction
> An obvious candidate for this decline in younger men’s hours is a decline in demand for
their labor, resulting in a corresponding reduction in their real wages. There is evidence that
declining demand for manufacturing and routine employment has contributed to a secular
decline in wages and employment rates for less educated workers.2 However, we show in
the next section that real wages of younger men have closely tracked those of their older
counterparts since 2000. This suggests that the greater decline in younger men’s hours is
not readily explained by a differential decline in labor demand for younger versus older men.