Skilled labor, unskilled labor, and economic growth

Marcelo Mello

Economics Letters, 2008, vol. 100, issue 3, 428-431

Abstract: We study a growth model in which workers with different skill levels are imperfect substitutes. We show that economies with high substitutability between skilled and unskilled workers have high levels of capital, output, and a high proportion of skilled workers.

Date: 2008
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