The Supply of Skill and Endogenous Technical Change: Evidence from a College Expansion Reform

• 成果类型: Article
• 署名作者: Carneiro, Pedro; Liu, Kai; Salvanes, Kjell G.
• 署名单位: University of London; University College London; London School Economics & Political Science; University of London; University College London; University of Cambridge; Norwegian School of Economics (NHH); Norwegian School of Economics (NHH)
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1093/jeea/jvac032
• 发表日期: 2023
• 页码: 48-92
• 关键词: human-capital externalities; higher-education; PRODUCTIVITY; INEQUALITY; immigration; TECHNOLOGY; spillovers; industries; INNOVATION; earnings

摘要

We examine the labor market consequences of an exogenous increase in the supply of skilled labor in several municipalities in Norway, resulting from the construction of new colleges in the 1970s. We find that skilled wages increased as a response, suggesting that along with an increase in the supply there was also an increase in demand for skill. We also show that college openings led to an increase in the productivity of skilled labor and investments in R&D. Our findings are consistent with models of endogenous technical change where an abundance of skilled workers may encourage firms to adopt skill-complementary technologies.