The Supply Of Skilled Labour And Skill-Biased Technological Progress  

Oleh:

Kiley, Michael T.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 109 no. 458 (Oct. 1999), page 708-724.
Fulltext: 708.pdf (229.55KB)

Isi artikel

This paper presents a model in which the adoption of skill-biased or `unskilled-biased' technologies is endogenous. In this model of endogenous technology choice, an increase in the supply of skilled labour leads to a temporary fall in the skill premium, followed by an expanding gap between the wages of skilled and unskilled workers as technologies adjust towards the more skill-intensive mix appropriate for the greater skill of the workforce. The adjustment in the technology mix results in slower output growth along the transition path.

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