The supply of skilled labour and skill-biased technological progress

• 成果类型: Article
• 署名作者: Kiley, MT
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/1468-0297.00470
• 发表日期: 1999
• 页码: 708-724
• 关键词: wage inequality; demand

摘要

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.