Capital-skill complementarity and biased technical change across US sectors
نویسندگان
چکیده
منابع مشابه
Skill-Biased Technical Change1
Skill-Biased Technical Change is a shift in the production technology that favors skilled over unskilled labor by increasing its relative productivity and, therefore, its relative demand. Traditionally, technical change is viewed as factor-neutral. However, the observed rapid rise in the relative wage of skilled workers in conjunction with an upward trend in their relative supply means that rec...
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In this contribution, we present an endogenous growth model which essentially extends the idea of the paper by Murphy, Riddell and Romer (1998). In that paper, the authors assume that technical progress leads to wage differentials between high-skilled workers and unskilled workers. As technical progress occurs, the relative marginal productivity of different input changes. Yet, if there is suff...
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In this study, we analyze the e¤ects of a decrease in unskilled labor in China on the direction of innovation in the US by incorporating production o¤shoring into a North-South model of directed technical change. We nd that if o¤shoring is present (absent) in equilibrium, then a decrease in unskilled labor in the South would lead to skill-biased (unskill-biased) technical change in the North. ...
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ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2020
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2020.103255