Introduction and preliminaries -- Skilled and unskilled labor -- Natural and reproducible capital -- Capital and labor -- An endogenous technology framework -- Skilled labor, unskilled labor, and experience over time -- Skills and capital over time and across countries -- Conclusions
In: Journal of policy analysis and management: the journal of the Association for Public Policy Analysis and Management, Volume 20, Issue 2, p. 371-373
In skill-biased (de-skilling) technological revolutions learning investments required by new machines are greater (smaller) than those required by preexisting machines. Skill-biased (de-skilling) revolutions trigger reallocations of capital from slow- (fast- ) to fast- (slow- ) learning workers, thereby reducing the relative and absolute wages of the former. The model of skill-biased (de-skilling) revolutions provides insight into developments since the mid-1970's (in the 1910's). The empirical work documents a large increase in the interindustry dispersion of capital-labor ratios since 1975. Changes in industry capital intensity are related to the skill composition of the labor force. (JEL E23 J31 O33)
Quali tipi di attività finanziaria lo Stato dovrebbe emettere? In quali proporzioni reciproche? e quali obiettivi di politica economica devono presiedere a tali scelte?
Quali tipi di attività finanziaria lo Stato dovrebbe emettere? In quali proporzioni reciproche? e quali obiettivi di politica economica devono presiedere a tali scelte?