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Title: Technology Diffusion and the Returns to Skill

Citation Type: Miscellaneous

Publication Year: 2014

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Abstract: In this article I illustrate how the diffusion of a skill-neutral technology may lead to a skill-biased impact on the economy. While the model is consistent with well-known stylized facts, it generates distinctive predictions that are again in line with the data. In particular, the model postulates a close link between the skill premium and the differential firm size wage premium between skill groups. By only exploiting differences in inter-firm mobility between skill groups and rising TFP-dispersion across firms, the model accounts for a third of the sharp increase in the skill premium in U.S. manufacturing from 1977 to 1997.

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Authors: Stijepic, Damir

Publisher: Goethe University Frankfurt, Germany

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure, Other

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