showSidebars ==
showTitleBreadcrumbs == 1
node.field_disable_title_breadcrumbs.value ==
SMU SOE Seminar (May 10, 2019, 2-3.30pm): Skill Premium, Human Capital and Industrial Dynamics
| |
|
TOPIC:
|
SKILL PREMIUM, HUMAN CAPITAL AND INDUSTRIAL DYNAMICS
|
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
|
|
|
|
