Balleer, Almut; van Rens, Thijs - Institute for the Study of Labor (IZA) - 2009
for the skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long run … technology. Skill-biased technology shocks are associated with increases in the relative price of investment, indicating that … response to
skill-neutral improvements in technology. Skill-biased technology shocks are associated with
increases in the …