The Rise of the Service Economy

• 成果类型: Article
• 署名作者: Buera, Francisco J.; Kaboski, Joseph P.
• 署名单位: National Bureau of Economic Research; University of California System; University of California Los Angeles; University of Notre Dame; National Bureau of Economic Research
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.102.6.2540
• 发表日期: 2012
• 页码: 2540-2569
• 关键词: structural-change; GROWTH; macroeconomics; TRANSFORMATION; INEQUALITY; facts

摘要

This paper analyzes the role of specialized high-skilled labor in the disproportionate growth of the service sector. Empirically, the importance of skill-intensive services has risen during a period of increasing relative wages and quantities of high-skilled labor. We develop a theory in which demand shifts toward more skill-intensive output as productivity rises, increasing the importance of market services relative to home production. Consistent with the data, the theory predicts a rising level of skill, skill premium, and relative price of services that is linked to this skill premium. (JEL J24, L80, L90)