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Supply of Human Capital in Times of Skill Biased Technological Change / Die Reaktion des Humankapitalangebots auf qualifikationsverzerrten technischen Fortschritt

Thomas Zwick ()

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2001, vol. 221, issue 3, 322-335

Abstract: This paper analyses the skill supply consequences of skill biased technological change. In a simple microeconomic model it is shown that higher skill wage mark-ups as well as higher relative unskilled unemployment - frequently attributed to skill biased technological change - induce overqualification. Therefore over-qualification is an equilibrium mechanism when skill rents increase.

Keywords: Skill supply; skill biased technological change; over-qualification; Humankapitalangebot; qualifikationsverzerrter technischer Fortschritt; Überqualifizierung (search for similar items in EconPapers)
Date: 2001
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