Different Paths? Human Capital Prices, Wages, and Inequality in Canada and the United States

• 成果类型: Article
• 署名作者: Bowlus, Audra J.; Robinson, Chris; Liu, Haoming
• 署名单位: Western University (University of Western Ontario); National University of Singapore
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/703264
• 发表日期: 2019
• 页码: S689-S734
• 关键词: quality; earnings; explain; skills

摘要

In the last three decades, Canada and the United States showed different paths in per capita gross domestic product growth, skill premiums, and inequality. Worker quality and price differences both play a role but are difficult to distinguish. Human capital prices and quantities are estimated using methods we developed previously. In the United States, there was faster growth and a much more rapid rise in skill premia and inequality. This was primarily due to different paths for the relative price paid to rent high-skilled human capital in the two countries, rather than differences in relative quantities.