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"We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our...
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"During the Industrial Revolution technological progress and innovation became the main drivers of economic growth. But why was Britain the technological leader? We argue that one hitherto little recognized British advantage was the supply of highly skilled, mechanically able craftsmen who were...
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In cities, complementarity between a low-skilled and a high-skilled workforce can promote each other to improve labor … workforce in cities in the People's Republic of China (PRC) along with its changes, and drew the following three conclusions …. First, a highly skilled workforce is the engine of urban development, increasing urban wages and population. Second, big …
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We assess whether online data on vacancies and applications to a job board are a suitable source for studying skills dynamics outside of Europe and the United States, where a rich literature has examined skills dynamics using online vacancy data. Yet, the knowledge on skills dynamics is scarce...
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