Technology, Skill, and the Wage Structure

Nancy L. Stokey

Journal of Human Capital, 2018, vol. 12, issue 2, 343 - 384

Abstract: Technical change, even if it is limited in scope, can have effects that ripple throughout the economy. Here a flexible and tractable framework, with heterogeneous workers and technologies and many tasks, is used to analyze the general equilibrium effects of technical change for a limited set of tasks. The equilibria feature positively assortative matching between workers and technologies. The effects of technical change on employment, output, prices, and wages up and down the skill and technology ladders are sharply characterized. The effects of low-skill immigration, minimum-wage legislation, and international trade are also described.

Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://dx.doi.org/10.1086/697417 (application/pdf)
http://dx.doi.org/10.1086/697417 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:jhucap:doi:10.1086/697417

Access Statistics for this article

More articles in Journal of Human Capital from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().