rising relative wages and quantities of high-skilled labor. We develop a theory where demand shifts toward ever more skill … market services. The theory is also consistent with a rising level of skill and skill premium, a rising relative price of …

rising relative wages and quantities of high-skilled labor. We develop a theory where demand shifts toward ever more skill … market services. The theory is also consistent with a rising level of skill and skill premium, a rising relative price of …

This paper quantifies the roles of increases in the demand for skill-intensive output, the efficient scale of service … progress. The rising scale of services, the rising demand for skill-intensive output, and skill-biased technical change all …

This paper quantifies the roles of increases in the demand for skill-intensive output, the efficient scale of service … progress. The rising scale of services, the rising demand for skill-intensive output, and skill-biased technical change all …

The present paper emphasizes the role of demand, income distribution, endogenous productivity reactions, and other … the last four decades. In particular, it is explained that weak net export demand, fiscal conservatism, and the increase … in income inequality have put downward pressure on demand. Up until the crisis, this pressure was partially compensated …