Is technical change directed by the supply of skills? The case of South Korea

In a recent contribution, Acemoglu [Quarterly Journal of Economics 113 (1998) 1055] modelled the effects of an increase in the supply of skills on the skill premium. We estimate a model to disentangle the short-run substitution effects and the effects of skill-biased technical change using industry data for South Korea for the period 1974-1998. (C) 2002 Elsevier Science B.V. All rights reserved.