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Author : Hugo Hollanders
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (68 download)
Download or read book Skill-biased Technological Change in an Endogenous Growth Model written by Hugo Hollanders and published by . This book was released on 1998 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hugo Hollanders
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (245 download)
Download or read book Skill-biased Technology Change in an Endogenous Growth Model written by Hugo Hollanders and published by . This book was released on 1998 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Shiyuan Pan
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Directed Technological Change written by Shiyuan Pan and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a knowledge-based endogenous growth model to address the issue of directed technological change, in which skilled workers are used both in innovation and consumer goods production. Using the model, we investigate how the direction of technological change influences scale effect and wage inequality. In addition, we examine the impact of trade in intermediate goods on skill premia and economic growth. Since skill-biased technological change may lead to a decrease in the average productivity in R&D sectors, scale effect is removed. Hence, the two facts, accelerated skill-biased technological change and the absence of scale effect, can be jointly accounted for in a unified framework. Free trade in intermediate goods increases the demand for skilled workers in the production of the skill-intensive good, thus inducing skill-biased technological change through the market size effect and an increase in skill premia. Skill-biased technological change has opposite effects on economic growth, therefore open trade stimulates economic growth in some circumstances, and hurts it in other circumstances.
Author : Michael T. Kiley
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.E/5 ( download)
Download or read book The Supply of Skilled Labor and Skill-biased Technological Progress written by Michael T. Kiley and published by . This book was released on 1997 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Alberto Behar
Publisher : International Monetary Fund
ISBN 13 : 147553695X
Total Pages : 31 pages
Book Rating : 4.4/5 (755 download)
Download or read book The Endogenous Skill Bias of Technical Change and Inequality in Developing Countries written by Mr.Alberto Behar and published by International Monetary Fund. This book was released on 2013-02-26 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper draws on existing empirical literature and an original theoretical model to argue that globalization and skill supply affect the extent to which technology adoption in developing countries favors skilled workers. Developing countries are experiencing technical change that is skill-biased because skill-biased technologies are becoming relatively cheaper. Increased skill supply further biases technical change in favor of skilled labor. Free trade induces technology that favors skilled workers in skill-abundant developing countries and that favors unskilled workers in skill-scarce developing countries, and therefore amplifies the predicted wage effects of trade liberalization. These features aid our understanding of the observed rises in inequality within developing countries and the absence of a significant downward effect of expanded educational attainment on skill premia. They also help account for the large and differential effects of trade liberalization on inequality. These findings are pertinent for the Middle East and North Africa because of its recent increase in trade openness and remarkable rise in educational attainment.
Author : Wolf-Heimo Grieben
Publisher : Peter Lang Pub Incorporated
ISBN 13 : 9783631508473
Total Pages : 252 pages
Book Rating : 4.5/5 (84 download)
Download or read book Trade and Technology as Competing Explanations for Rising Inequality written by Wolf-Heimo Grieben and published by Peter Lang Pub Incorporated. This book was released on 2003 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the late 1970s, wage inequality between skilled and unskilled workers has risen significantly in most OECD countries. This study thoroughly discusses and evaluates the three dominant approaches to explain this finding: trade liberalization towards developing countries, skill-biased technical change, and trade-induced skill-biased technical change. In particular, the author develops a two-country North-South Schumpeterian growth model without scale effects, and analyzes general equilibrium effects of trade, education and labor market policies. Moreover, this framework is also used to analyze whether rising low-skilled unemployment in Europe is just the flip side of the coin of rising wage inequality in the US.
Author : Michael Knoblach
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (115 download)
Download or read book Skill-biased Technological Change, Endogenous Labor Supply, and the Skill Premium written by Michael Knoblach and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The evolution of the U.S. skill premium over the past century has been characterized by a U-shaped pattern. The previous literature has attributed this observation mainly to the existence of exogenous, unexpected technological shocks or changes in institutional factors. In contrast, this paper demonstrates that a U-shaped evolution of the skill premium can also be obtained using a simple two-sector growth model that comprises both variants of skill-biased technological change (SBTC): technological change (TC) that is favorable to high-skilled labor and capital-skill complementarity (CSC). Within this framework, we derive the conditions necessary to achieve a non-monotonic evolution of relative wages and analyze the dynamics of such a case. We show that in the short run for various parameter constellations an educational, a relative substitutability, and a factor intensity effect can induce a decrease in the skill premium despite moderate growth in the relative productivity of high-skilled labor. In the long run, as the difference in labor productivity increases, the skill premium also rises. To underpin our theoretical results, we conduct a comprehensive simulation study.
Author : Theo S. Eicher
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Interaction Between Endogenous Human Capital and Technological Change written by Theo S. Eicher and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how interaction between endogenous human capital accumulation and technological change affects relative wages and economic growth. Private incentives to invest in human capital finance the employment of skilled labour in the education sector, while non-rival technology is a by-product of the education process. The absorption of new technologies into production is skill intensive, creates skill-biased labour demand, and increases the relative wage of skilled to unskilled labour. In contrast to recent models of endogenous growth, higher rates of technological change and growth may be accompaniedb y a higherr elativew age but lower relative supply of skilled labour. Thus the model provides a theoretical foundation for the empirically observed relation between technological change and relative demand, supply and wages of skilled labour.
Author : Guido Cazzavillan
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Skill-Biased Technological Change and Endogenous Labor Supply in EU Transition Economies and the US. written by Guido Cazzavillan and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper skill-biased technological change is linked with endogenous labor supply which allows for unemployment. This is a novel approach, as the literature on skill-biased technological change considers inelastic labor supply. Elastic labor supply allows us to explain how the observed increasing unemployment of unskilled workers is caused by skill-biased technological change. Our numerical analysis shows that if the skill-biased technological change is not followed by the growth of total factor productivity, then output, physical capital stock and consumption decline. Using empirical data on wages and education, we construct a time series for skill-biased technological change for Poland and the US. The empirical relevance of the model is tested by calibrating it to empirical data for Poland over the period 1996-2006 and US over the period 1992-2008. With only two necessary inputs, share of skilled workers in total population and the technology adopted by firms, this model allows to simulate the future behaviour of the labor market.
Author : Jens Rubart
Publisher : Springer Science & Business Media
ISBN 13 : 3540699554
Total Pages : 212 pages
Book Rating : 4.5/5 (46 download)
Download or read book The Employment Effects of Technological Change written by Jens Rubart and published by Springer Science & Business Media. This book was released on 2007-04-04 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The labor markets of important OECD countries show a similar picture: high wages and low unemployment for skilled workers and low wages but high unemployment for low-skilled workers. During the last 10 years this fact has been studied under the hypothesis of "skill-biased technological change" within the context of endogenous growth models. Recent research, however, has shown that the employment and wage differentials vary at business cycle frequencies.This book provides an empirical and theoretical examination of the short- and medium run impacts of technological advances on the employment and wages of workers which differ in their earned educational degree. Furthermore, by introducing labor market frictions and wage setting institutions the author shows the importance of such imperfections in order to replicate empirical facts. Due to the introduction of employment protection mechanisms and minimum wages the analysis accounts for key facts of continental European labor markets.
Author : Hugo Hollanders
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (246 download)
Download or read book Skill-biased Technical Change written by Hugo Hollanders and published by . This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Oded Galor
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.X/5 (6 download)
Download or read book Ability Biased Technological Transition, Wage Inequality and Growth written by Oded Galor and published by . This book was released on 1998 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard Nahuis
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 410 pages
Book Rating : 4.F/5 ( download)
Download or read book Knowledge, Inequality and Growth in the New Economy written by Richard Nahuis and published by Edward Elgar Publishing. This book was released on 2003 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past two centuries, major technological breakthroughs such as the steam engine and electricity have acted as the catalysts for growth and have resulted in a marked increase in material well-being. The dominant technology today - information and communication technology (ICT) - does not seem to drive growth as effectively and has coincided with an apparent increase in wage inequality. This book provides explanations of these two characteristics of modern economies and analyses them from both an individual and integrated perspective. Richard Nahuis explores and combines the seemingly separate phenomena of wage inequality between high-skilled and low-skilled workers, and the relatively low productivity growth experienced by most countries. The author provides a number of alternative theories for the increase in wage inequality as a result of new technologies, combined with an extensive review of the associated literature. He goes on to detail the technological revolution, describe why this does not necessarily result in high productivity growth and outline the best methods to measure productivity in the new economy. This exhaustive exploration of productivity growth and wage inequality between high-skilled and low-skilled workers in the knowledge economy will be welcomed by economists and policymakers interested in the complex relationships between labour markets, innovation and technical change.
Author : Theo Stefan Eicher
Publisher :
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.:/5 (318 download)
Download or read book Endogenous Human Capital and Technological Change in Closed and Open Economies written by Theo Stefan Eicher and published by . This book was released on 1994 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ahmed S. Rahman
Publisher :
ISBN 13 :
Total Pages : 366 pages
Book Rating : 4.:/5 (74 download)
Download or read book The Direction of Technological Change written by Ahmed S. Rahman and published by . This book was released on 2006 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Bruce A. Conway
Publisher :
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (474 download)
Download or read book (Un)anticipated Technological Change in an Endogenous Growth Model written by Bruce A. Conway and published by . This book was released on 2004 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard Nahuis
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book The Skill Premium, Technological Change and Appropriability written by Richard Nahuis and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the U.S., the skill premium and the non-production/production wage differential increased strongly from the late 1970s onwards. Skill-biased technological change is now generally seen as the dominant explanation, which calls for theories to explain the bias. This paper shows that the increased supply of skill - which is usually seen as countervailing the rise in skill premiums - can actually cause rising skill premiums. The analysis starts from an R&D-driven endogenous growth model. Our key assumption is that skilled labour is employed in non-production activities that both generate and use knowledge inputs. If firms can sufficiently appropriate the intertemporal returns from these activities, skill premiums may rise with the supply of skilled labour. The degree of appropriability is endogenous and rises with the supply of skills. As a result, the skill premium first falls and then increases when skilled labour supply rises. Simultaneously, patents per dollar spent on R&D fall.
