| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13785 |
| DP13785 Trading Up and the Skill Premium | |
| Sérgio Rebelo; Nir Jaimovich; Arlene Wong; Miao Zhang | |
| 发表日期 | 2019-06-06 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We study the impact on the skill premium of increases in the quality of goods consumed by households (“trading up”). Our empirical work shows that high- quality goods are more intensive in skilled labor than low-quality goods and that household spending on high-quality goods rises with income. We propose a model consistent with these facts. This model accounts for the past rise in the skill premium with more plausible rates of skill-biased technical change than those required by the canonical model. It also implies that an expansion of the skilled labor force reduces the skill premium by much less than in the canonical model. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Quality Skill premium Growth Inequality |
| URL | https://cepr.org/publications/dp13785 |
| 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/542654 |
| 推荐引用方式 GB/T 7714 | Sérgio Rebelo,Nir Jaimovich,Arlene Wong,et al. DP13785 Trading Up and the Skill Premium. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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