GOVERNMENT SPENDING COMPOSITION, TECHNICAL CHANGE, AND WAGE INEQUALITY
نویسندگان
چکیده
منابع مشابه
Endogenous Growth, Skill-Biased Technical Change and Wage Inequality
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...
متن کاملDirected technical change, the elasticity of substitution and wage inequality in developing countries
We develop a model of endogenous skill-biased technical change in developing countries. The model reconciles wildly dispersed existing estimates of the elasticity of substitution between more and less educated workers. It also produces an estimating equation for the elasticity, which allow us to produce overdue estimates for developing countries. With four types of data, we nd an elasticity of...
متن کاملSkill Biased Technical Change Polarization of the Labor Market and Wage Inequality
Shifts in the aggregate production function have long been studied by economists. Solow (1957) first classified these shifts as technical changes that can encompass slowdowns, speedups or improvements in the education of the labor force. Solow showed that these technical changes were factor-neutral from 1909-1949. Shifts in the production function are neutral if they leave the marginal rate of ...
متن کاملTechnical Change , Inequality , and The Labor Market ∗
This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns to schooling indicates that technical change has been skill-biased during the past sixty years. Furthermore, the recent increase in inequality is most likely due to an acceleration in skill bias. In contrast to twentiethcentury developments, much of thr technical change during ...
متن کاملComposition of Government Spending, Optimal Fiscal Policy, and Endogenous Growth in the Economy of Iran
This paper investigates the optimal fiscal policy, pertaining to government spending, considering different productivity of public services in production function and its impact on the optimal tax rate, the optimal rate of government spending, and optimal economic growth rate. Using the VECM model for Iranian economy over 48 years, results show while the current expenditure has a positive and s...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2010
ISSN: 1542-4766
DOI: 10.1111/j.1542-4774.2010.tb00557.x