منابع مشابه
Skill-Biased Structural Change and the Skill-Premium
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 contributi...
متن کاملHIV, wages, and the skill premium.
The HIV epidemic has dramatically decreased labor supply among prime-age adults in Sub-Saharan Africa. Using within-country variation in regional HIV prevalence and a synthetic panel, I find that HIV significantly increases the capital-labor ratio in urban manufacturing firms. The impact of HIV on average wages is positive but imprecisely estimated. In contrast, HIV has a large positive impact ...
متن کاملThe Skill Premium Puzzle in History∗
Historically, industrialization has been associated with falling relative returns to skills. This fact is at odds with most theories of industrialization, which tend to imply rising skill premia as natural concomitants to economic growth. This paper develops a simple model of economic demography to help solve this puzzle. Conjecturing that households wished to maximize both their levels of inco...
متن کاملNew goods and the skill premium ☆
In a two-cone Heckscher–Ohlin model with CES preferences and a continuum of goods, new northern goods increase the northern skill premium if they are skilled-labor intensive, and may increase the premium if they are unskilled-labor intensive. Thus, the introduction of new goods into US technology could have done more to increase the US skill premium than a closed-economy model would predict. I ...
متن کاملOptimal taxation and the skill premium
The stylized facts suggest a negative relationship between tax progressivity and the skill premium from the early 1960s until the early 1990s, and a positive one thereafter. They also generally imply rising tax progressivity, except for the 1980s. In this paper, we ask whether optimal tax policy is consistent with these observations, taking into account the demographic and technological factors...
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ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 2017
ISSN: 1365-1005,1469-8056
DOI: 10.1017/s1365100516000547