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In this paper, we consider economies in which agents are privately informed about their skills, which are evolving …
Persistent link: https://www.econbiz.de/10012759873
policy. This paper concentrates on the importance of labor force quality, measured by cognitive skills in mathematics and … have a strong and robust influence on growth. One standard deviation in measured cognitive skills translates into one … more standard quantity measure of labor force skills. Further, the estimated growth effects of improved labor force quality …
Persistent link: https://www.econbiz.de/10014158648
Unlike physical capital, human capital has both embodied and disembodied dimensions. It can be perceived of as skill and acquired knowledge, but also as knowledge spillover effects between overlapping generations and across different skill groups within and across countries. We illustrate the...
Persistent link: https://www.econbiz.de/10014101490
Almost all of the literature about the growth of income inequality and the relationship between skilled and unskilled wages approaches the issue from the production side of general equilibrium (skill-biased technical change, international trade). Here, we add a role for income-dependent demand...
Persistent link: https://www.econbiz.de/10012954914
The rise in wage inequality in the U.S. labor market during the 1980s is usually attributed to skill-biased technical change (SBTC), associated with the development of personal computers and related information technologies. We review the evidence in favor of this hypothesis, focusing on the...
Persistent link: https://www.econbiz.de/10013223052
Using the National Longitudinal Survey of Youth (NLSY) and six proxies for industry rates of technological change, we study the impact of technological change on skill accumulation among young male workers in the manufacturing sector during the time period 1987 through 1992. Production workers...
Persistent link: https://www.econbiz.de/10013223329
This paper discusses recent advances in our understanding of differences in human abilities and skills, their sources …
Persistent link: https://www.econbiz.de/10013223900
classifications depend on both the technology and the distribution of skills (factor supplies) in the working population, a fact that …
Persistent link: https://www.econbiz.de/10013223907
This paper examines the productivity (and wage) gains from locating in dense, urban environments. We distinguish between three potential explanations of why firms are willing to pay urban workers more: (1) the urban wage premium is spurious and is the result of omitted ability measures, (2) the...
Persistent link: https://www.econbiz.de/10013225138
Specialization requires that workers deal with some valuable opportunities themselves and refer other, possibly unverifiable, opportunities to other workers. How do markets and organizations ensure the matching of opportunities with talent in the presence of informational asymmetries about their...
Persistent link: https://www.econbiz.de/10013228228