Skill Wage Premium and Sectoral Labor Shift
碩士 === 國立臺灣大學 === 經濟學研究所 === 105 === The simultaneous increase in the high-skilled to low-skilled labor ratio and the skill wage premium is one of the most salient features of economic growth. Meanwhile, the technological improvement in advanced economies accompanies a sectoral shift from low to...
| Main Authors: | , |
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| Format: | Others |
| Language: | en_US |
| Published: |
2017
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| Online Access: | http://ndltd.ncl.edu.tw/handle/p4cu3k |
| Summary: | 碩士 === 國立臺灣大學 === 經濟學研究所 === 105 === The simultaneous increase in the high-skilled to low-skilled labor ratio and the skill wage premium is one of the most salient features of economic growth.
Meanwhile, the technological improvement in advanced economies accompanies a sectoral shift from low to high skill intensive sector. In this paper, we develop a two-sector structural transformation model in which skill accumulation is endogenously determined. Our model predicts that the ``skill wage premium mechanism" encourages (hinders) the sectoral reallocation of the high- (low-) skilled workers.
We also show that policies that aim to encourage skill accumulation may or may not improve welfare.
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