Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality.

I consider an economy where skilled and unskilled workers use different technologies. The rate of improvement of each technology is determined by a profit-maximizing R&D sector. When there is a high proportion of skilled workers in the labor for ce, the market for skill complementary technologies is larger and more effort will be spent in upgrading the productivity of skilled workers.

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Year of publication:	1997
Authors:	Acemoglu, D.
Institutions:	Economics Department, Massachusetts Institute of Technology (MIT)
Subject:	TECHNOLOGICAL CHANGE \| EDUCATION \| WAGES \| SKILLS

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Series:	Working papers.
Type of publication:	Book / Working Paper
Notes:	39 pages
Classification:	O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005748933