{"title":"产业总需求对收益的影响:来自美国的证据","authors":"W. D. McCausland, F. Summerfield, I. Theodossiou","doi":"10.1007/s12122-020-09299-z","DOIUrl":null,"url":null,"abstract":"Economic theory suggests that workers’ pay is mainly determined by their marginal product and that industry wage differentials may result either from the structure of the industry (demand type factors) or human capital characteristics of the employed labour force (supply type factors). This study uses a major data set from the US that allows the investigation of the effects of these demand and supply type factors on average earnings across industries. Importantly, this paper shows that aggregate demand relevant to the particular industry has a strong positive effect on the industry’s average earnings in addition to the previously established results regarding the significance of the effects of worker and firm characteristics. Consequently, labour market policies crafted without due consideration of macroeconomic demand may be ineffective as a solution to the proliferation of low pay employment.","PeriodicalId":46592,"journal":{"name":"Journal of Labor Research","volume":"104 1-3","pages":""},"PeriodicalIF":1.0000,"publicationDate":"2020-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"The Effect of Industry-Level Aggregate Demand on Earnings: Evidence from the US\",\"authors\":\"W. D. McCausland, F. Summerfield, I. Theodossiou\",\"doi\":\"10.1007/s12122-020-09299-z\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Economic theory suggests that workers’ pay is mainly determined by their marginal product and that industry wage differentials may result either from the structure of the industry (demand type factors) or human capital characteristics of the employed labour force (supply type factors). This study uses a major data set from the US that allows the investigation of the effects of these demand and supply type factors on average earnings across industries. Importantly, this paper shows that aggregate demand relevant to the particular industry has a strong positive effect on the industry’s average earnings in addition to the previously established results regarding the significance of the effects of worker and firm characteristics. Consequently, labour market policies crafted without due consideration of macroeconomic demand may be ineffective as a solution to the proliferation of low pay employment.\",\"PeriodicalId\":46592,\"journal\":{\"name\":\"Journal of Labor Research\",\"volume\":\"104 1-3\",\"pages\":\"\"},\"PeriodicalIF\":1.0000,\"publicationDate\":\"2020-04-18\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Labor Research\",\"FirstCategoryId\":\"91\",\"ListUrlMain\":\"https://doi.org/10.1007/s12122-020-09299-z\",\"RegionNum\":4,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"INDUSTRIAL RELATIONS & LABOR\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Labor Research","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1007/s12122-020-09299-z","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"INDUSTRIAL RELATIONS & LABOR","Score":null,"Total":0}
The Effect of Industry-Level Aggregate Demand on Earnings: Evidence from the US
Economic theory suggests that workers’ pay is mainly determined by their marginal product and that industry wage differentials may result either from the structure of the industry (demand type factors) or human capital characteristics of the employed labour force (supply type factors). This study uses a major data set from the US that allows the investigation of the effects of these demand and supply type factors on average earnings across industries. Importantly, this paper shows that aggregate demand relevant to the particular industry has a strong positive effect on the industry’s average earnings in addition to the previously established results regarding the significance of the effects of worker and firm characteristics. Consequently, labour market policies crafted without due consideration of macroeconomic demand may be ineffective as a solution to the proliferation of low pay employment.
期刊介绍:
Mission Statement
The Journal of Labor Research provides an outlet for original research on all aspects of behavior affecting labor market outcomes. The Journal provides a forum for both empirical and theoretical research on labor economics. The journal welcomes submissions issues relating to labor markets and employment relations, including labor demand and supply, personnel economics, unions and collective bargaining, employee participation, dispute resolution, labor market policies, types of employment relationships, the interplay between labor market variables and policy issues in labor economics are published by the Journal. The Journal of Labor Research also publishes book reviews relating to these topics.