Skill-Biased Structural Change and the Skill Premium

Autor:	Richard Rogerson, Joseph Kaboski, Francisco Buera
Rok vydání:	2015
Popis:	We document for a broad panel of advanced economies that increases in GDP per capita are associated with a shift in the composition of value added to sectors that are intensive in high-skill labor. It follows that further development in these economies leads to an increase in the relative demand for skilled labor. We develop a two-sector model of this process and use it to assess the contribution of this process of skill-biased structural change to the rise of the skill premium in the US over the period 1977 to 2005. We find that these compositional demands account for roughly 30% of the overall increase of the skill premium due to technical change.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=od_______645::204eca023fe140c35c643fb442389757 https://economicdynamics.org/meetpapers/2015/paper_895.pdf Zobrazit plný text záznamu