In contrast to the very large literature on skill-biased technical change among workers, there is hardly any work on the importance of skills for the entrepreneurs who employ those workers, and in particular on their evolution over time. This paper proposes a simple theory of skill-biased change...

Frontmatter -- Contents -- Introduction / Hulten, Charles R. / Ramey, Valerie A. -- I. The Macroeconomic Link between Education and Real GDP Growth -- 1. Educational Attainment and the Revival of US Economic Growth / Jorgenson, Dale W. / Ho, Mun S. / Samuels, Jon D. -- 2. The Outlook for US...