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Skill Biased Structural Change

Francisco Buera, Joseph Kaboski and Richard Rogerson

No 21165, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We document for a broad panel of advanced economies that increases in GDP per capita are associated with a shift in the composition of value added to sectors that are intensive in high-skill labor. It follows that further development in these economies leads to an increase in the relative demand for skilled labor. We develop a two-sector model of this process and use it to assess the contribution of this process of skill-biased structural change to the rise of the skill premium in the US, and a broad panel of advanced economies, over the period 1977 to 2005. We find that these compositional demands account for between 25 and 30% of the overall increase of the skill premium due to technical change.

JEL-codes: E02 J2 (search for similar items in EconPapers)
Date: 2015-05
New Economics Papers: this item is included in nep-lma and nep-mac
Note: EFG
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Citations: View citations in EconPapers (76)

Published as Francisco J Buera & Joseph P Kaboski & Richard Rogerson & Juan I Vizcaino & Dirk Krueger, 2022. "Skill-Biased Structural Change," The Review of Economic Studies, vol 89(2), pages 592-625.

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Related works:
Journal Article: Skill-Biased Structural Change (2022) Downloads
Working Paper: Skill-biased structural change (2020) Downloads
Working Paper: Skill Biased Structural Change (2015) Downloads
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