Looking back, looking ahead: Biased technological change, substitution and the wage gap

Theo van de Klundert

Journal of Macroeconomics, 2008, vol. 30, issue 2, 707-713

Abstract: The implications of ICT on wage inequality are studied by applying a CES production function with skilled and unskilled labour. Skill-biased technological change increases wage inequality. The result is reinforced in a two-sector general equilibrium model if the income elasticity of the demand for high-tech goods and the elasticity of substitution between final goods are larger than one.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:30:y:2008:i:2:p:707-713

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