dc.contributor.author | Gramozi, Almarina | en |
dc.contributor.author | Palivos, Theodore | en |
dc.contributor.author | Zachariadis, Marios | en |
dc.creator | Gramozi, Almarina | en |
dc.creator | Palivos, Theodore | en |
dc.creator | Zachariadis, Marios | en |
dc.date.accessioned | 2023-10-04T06:22:31Z | |
dc.date.available | 2023-10-04T06:22:31Z | |
dc.date.issued | 2023-04 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/65724 | |
dc.description.abstract | We find that the conditional wage-gap for non-whites is negatively related to gross domestic product per worker across the US. To explain this, we develop a model linking unequal access to employment with the wage gap, labor misallocation, and income loss. The presence of underprivileged workers allows inefficient firms to co-exist with efficient ones and leads to skill misallocation, higher unemployment and lower output. Calibrating the model to match the US, we find a fall in market-based racial discrimination renders inefficient firms non-profitable, causing reallocation of labor and a positive effect on income as high as 4 percent when discrimination is eliminated. | en |
dc.language.iso | eng | en |
dc.source | Economic Inquiry | en |
dc.source.uri | https://onlinelibrary.wiley.com/doi/10.1111/ecin.13126 | en |
dc.subject | Misallocation | en |
dc.subject | Race | en |
dc.subject | Race‐related wage gap | en |
dc.subject | Search and matching | en |
dc.subject | Unemployment | en |
dc.title | Measuring the Welfare Costs of Racial Discrimination in the Labor Market | en |
dc.type | info:eu-repo/semantics/article | en |
dc.identifier.doi | 10.1111/ecin.13126 | |
dc.description.volume | 61 | |
dc.description.issue | 2 | |
dc.description.startingpage | 232 | |
dc.description.endingpage | 252 | |
dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
dc.type.uhtype | Article | en |
dc.contributor.orcid | Zachariadis, Marios [0000-0002-2308-1881] | |
dc.contributor.orcid | Palivos, Theodore [0000-0003-2576-7796] | |
dc.type.subtype | SCIENTIFIC_JOURNAL | en |
dc.gnosis.orcid | 0000-0002-2308-1881 | |