SMU SOE Seminar (May 4, 2018, 4-5.30pm): Skill-Biased Structural Change

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ABSTRACT We document for a broad panel of advanced economies that increases in GDP per capita are associated with a systematic shift in the composition of value added to sectors that are intensive in high-skill labor, a process we label as skill biased structural change. 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 both the US, and a broad panel of advanced economies, over the period 1977 to 2005. We find that these compositional changes in demand account for between 25 and 30% of the overall increase of the skill premium due to technical change. Click here to view the paper. Click here to view the CV.
		PRESENTER Joseph Kaboski University of Notre Dame
		RESEARCH FIELDS Development Economics International Trade Macroeconomics
		DATE: 4 May 2018 (Friday)
		TIME: 4pm - 5.30pm
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903