Add to ORKGThis paper quantitatively examines the effects of two exogenous driving forces, investment-specific technological change (ISTC) and the demographic change known as “the baby boom and the baby bust, ” on the evolution of the skill premium in the postwar U.S. economy. I develop an overlapping generations general equilibrium model with endogenous discrete schooling choice. The production technology features capital-skill complementarity as in Krusell et al. (2000). ISTC, through capital-skill complementarity, raises the relative demand for skilled labor, while demographic variation affects the skill premium through changing the age structure and hence relative supply of skilled labor. I find that demographic change is more important in shaping...
Over the past two decades, technological progress in the United States has been biased towards skill...
Demographic change belongs to the mega-trends of the 20th and the 21st century. The ongoing aging pr...
This paper attempts to examine technology’s impact on the labor market through the lens of skilled l...
This paper quantitatively examines the effects of two exogenous driving forces, investment-specific ...
The evolution of the U.S. skill premium over the past century has been characterized by a U-shaped p...
In the US the skill premium and the non-production/production wage differential increased strongly f...
In this paper we present a tractable general equilibrium overlapping-generations model of human capi...
We develop a dynamic general-equilibrium framework in which growth is driven by skill-biased technol...
An analytical framework is developed to study the repercussions between endogenous capital- and labo...
This paper shows that endogenous adjustments in the composition of labor supplies magnify the effect...
Using a broad panel of advanced economies we document that increases in GDP per capita are associate...
Over the past two decades, technological progress in the United States has been biased towards skill...
We construct an applied general equilibrium model to account for diverging patterns of the skill pre...
This article analyzes the impact of stochastic skill-biased technological change on earnings inequal...
I challenge the existing literature that claims that strongly biased technology is necessary to obse...
Over the past two decades, technological progress in the United States has been biased towards skill...
Demographic change belongs to the mega-trends of the 20th and the 21st century. The ongoing aging pr...
This paper attempts to examine technology’s impact on the labor market through the lens of skilled l...
This paper quantitatively examines the effects of two exogenous driving forces, investment-specific ...
The evolution of the U.S. skill premium over the past century has been characterized by a U-shaped p...
In the US the skill premium and the non-production/production wage differential increased strongly f...
In this paper we present a tractable general equilibrium overlapping-generations model of human capi...
We develop a dynamic general-equilibrium framework in which growth is driven by skill-biased technol...
An analytical framework is developed to study the repercussions between endogenous capital- and labo...
This paper shows that endogenous adjustments in the composition of labor supplies magnify the effect...
Using a broad panel of advanced economies we document that increases in GDP per capita are associate...
Over the past two decades, technological progress in the United States has been biased towards skill...
We construct an applied general equilibrium model to account for diverging patterns of the skill pre...
This article analyzes the impact of stochastic skill-biased technological change on earnings inequal...
I challenge the existing literature that claims that strongly biased technology is necessary to obse...
Over the past two decades, technological progress in the United States has been biased towards skill...
Demographic change belongs to the mega-trends of the 20th and the 21st century. The ongoing aging pr...
This paper attempts to examine technology’s impact on the labor market through the lens of skilled l...