SMU SOE Seminar (May 10, 2019, 2-3.30pm): Skill Premium, Human Capital and Industrial Dynamics

Please click here if you are unable to view this page.

ABSTRACT Motivated by several stylized facts about skill premium and industrial dynamics, we develop an endogenous growth model with infinite industries that are heterogeneous in both capital intensities and skill intensities. Closed-form solutions are obtained to fully characterize the endogenous dynamic changes of factor endowment structure, industrial composition, life-cycle pattern of each industry and the skill premium along the balanced growth path. We highlight that optimal human capital investment should be synchronized with physical capital investment and that skill premium can be better understood in the context of industrial upgrading, which has been largely ignored in the existing pertinent macro literature. Click here to view the CV.
		PRESENTER Yong Wang Peking University
		RESEARCH FIELDS Growth and Development Macroeconomics Political Economy China and India Economies
		DATE: 10 May 2019 (Friday)
		TIME: 2pm - 3.30pm
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903