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tax policy and labor market sensitivity analysis age model pdf
... a ces production function with five factorinputs intermediategoods,capital(whichisimmobilebetweensectors),unskilled labor, low-skilled labor and high-skilled labor. the demand for each factor is positively related to ... lower labor costs for low-wage workers raise the employment of unskilled persons through two channels. first, they induce firms to substitute unskilled labor for high-skilled labor. ...
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structural changes demand labor pdf
... for low-skilled labor only leads to an increase in employment for low- 13 skilled by labor years), while due to substitution the demand for high- skilled labor decreases by labor years). again ... is used as a proxy for unskilled skilled work. low- skilled labor is defined as labor with a primary and extended education. high-skilled labor involves labor with secondary, higher vocational and university ...
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