This paper argues that skill-biased technical change has some deficiencies as a hypothesis about the impact of technology on the labor market and that a more nuanced view recently proposed by Autor, Levy and Murnane (2003) is a more accurate description. The difference between the two hypotheses...

This paper argues that skill-biased technical change has some deficiencies as a hypothesis about the impact of technology on the labor market and that a more nuanced view recently proposed by Autor, Levy and Murnane (2003) is a more accurate description. The difference between the two hypotheses...

A secular increase in the demand for high-wage workers driven by skill-biased technological change (SBTC) has difficulties in explaining what happened to US and UK wage inequality in the 1990?'s. In particular, SBTC predicts a continuing increase in the relative wage and employment of high wage...