TY - JOUR
AU - Vizcaino, Juan I
AB - Using a broad panel of advanced economies, we document that increases in GDP per capita are associated with a systematic shift in the composition of value added to sectors that are intensive in high-skill labour, a process we label as skill-biased structural change. It follows that further development in these economies leads to an increase in the relative demand for skilled labour. We develop a quantitative two-sector model of this process as a laboratory to assess the sources of the rise of the skill premium in the U.S. and a set of ten other advanced economies, over the period 1977 to 2005. For the U.S., we find that the sector-specific skill neutral component of technical change accounts for 18–24% of the overall increase of the skill premium due to technical change, and that the mechanism through which this component of technical change affects the skill premium is via skill-biased structural change.
TI - Skill-Biased Structural Change
JF - The Review of Economic Studies
DO - 10.1093/restud/rdab035
DA - 2021-07-30
UR - https://www.deepdyve.com/lp/oxford-university-press/skill-biased-structural-change-YG724Ei2lb
SP - 592
EP - 625
VL - 89
IS - 2
DP - DeepDyve
ER -