| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8410 |
| DP8410 Skill-Biased Technological Change and the Business Cycle | |
| Thijs van Rens; Almut Balleer | |
| 发表日期 | 2011-06-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run restrictions. Hours fall in response to skill-biased technology shocks, indicating that at least part of the technology-induced fall in total hours is due to a compositional shift in labor demand. Skill-biased technology shocks have no effect on the relative price of investment, suggesting that capital and skill are not complementary in aggregate production. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Business cycle Capital-skill complementarity Long-run restrictions Skill premium Skill-biased technology Var |
| URL | https://cepr.org/publications/dp8410 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537247 |
| 推荐引用方式 GB/T 7714 | Thijs van Rens,Almut Balleer. DP8410 Skill-Biased Technological Change and the Business Cycle. 2011. |
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