ROUTINIZATION-BIASED TECHNICAL CHANGE AND GLOBALIZATION: UNDERSTANDING LABOR MARKET POLARIZATION
type="main" xml:id="ecin12108-abs-0001"> There is now ample evidence that jobs and wages have been polarizing at the extremes of the skill distribution since the early 1990s. Possible explanations include, among others, routinization-biased technical change (technical progress substituting more easily for labor in performing routine rather than nonroutine tasks) and globalization (more specifically, offshore outsourcing by multinational firms). In this article, we develop a unified theoretical general equilibrium model and examine the implications of each competing hypotheses for labor market polarization. (JEL J21, J23, J24, F66)
Year of publication: |
2014
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Authors: | JUNG, JAEWON ; MERCENIER, JEAN |
Published in: |
Economic Inquiry. - Western Economic Association International - WEAI, ISSN 0095-2583. - Vol. 52.2014, 4, p. 1446-1465
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Publisher: |
Western Economic Association International - WEAI |
Saved in:
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