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In the human capital model with perfect labor markets, firms never invest in general skills and all costs of general training are borne by workers. When labor market frictions compress the structure of wages, firms may pay for these investments. The distortion in the wage structure turns...
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Educational resources distributed via the Internet are rapidly proliferating. One prominent concern associated with these potentially transformative developments is that, as many of the leading technologies of the last several decades have been, these new sweeping technological changes will be...
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examining inter-relationship between knowledge spillovers from imports and inward FDI. Moreover, human capital is added to the … discussion as one of the appropri- ability conditions for knowledge spillovers. However, in comparison to most studies that rely …, a strong complementary rela- tionship is found between knowledge spillovers through the channels of imports and inward …
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We present a task-based model in which high- and low-skill workers compete against machines in the production of tasks. Low-skill (high-skill) automation corresponds to tasks performed by low-skill (high-skill) labor being taken over by capital. Automation displaces the type of labor it directly...
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