Luzio, Rodolfo; Dunaway, Steven Vincent; Kaufman, … - International Monetary Fund (IMF) - 2001
This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human … capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor … market and income redistribution policies that prevent the skill premium from playing its role in fostering human capital …