Erosa, Andrés; Fuster, Luisa; Kambourov, Gueorgui; … - National Bureau of Economic Research - 2025
choice in the tradition of Roy (1951). In our model, changes in relative occupational skill prices proxy for changes in … relative demand for occupational labor services. Our analysis yields three main findings. First, although changes in skill … prices have quantitatively important effects on employment shares and mean wages, they play essentially no role in accounting …