The Supply of Skilled Labour and Skill‐biased Technological Progress
Bibliographic Data
| ID | 9706912 |
|---|---|
| Authors | Michael T Kiley (0000-0003-0427-0131, Federal Reserve, corresponding author) |
| Year | 1999 |
| Volume | 109 |
| Issue | 458 |
| Pages | 708-724 |
| Publication date | 1999-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/1468-0297.00470 |
| OpenAlex | W2112563369 |
| Language | EN |
| Citations received | 12 |
| References cited | 9 |
This paper presents a model in which the adoption of skill‐biased or 'unskilled‐biased' technologies is endogenous. In this model of endogenous technology choice, an increase in the supply of skilled labour leads to a temporary fall in the skill premium, followed by an expanding gap between the wages of skilled and unskilled workers as technologies adjust towards the more skill‐intensive mix appropriate for the greater skill of the workforce. The adjustment in the technology mix results in slower output growth along the transition path
Economic growth · Economics · Endogenous growth theory · Human capital · Labour economics · Labour supply · Macroeconomics · Market economy · Skill mix · Technological change · Workforce · Economic Growth and Productivity · Firm Innovation and Growth · Labor market dynamics and wage inequality
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| Unique citing works | 12 |
|---|---|
| Citations per year | 0,43 |
| Citation span | 1998 - 2025 (28) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 12 |