G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w3207
来源IDWorking Paper 3207
Human Capital Responses to Technological Change in the Labor Market
Jacob Mincer
发表日期1989-12-01
出版年1989
语种英语
摘要In a broad sense, the relation of human capital to economic growth is reciprocal. This study focuses more narrowly on labor market consequences of human capital adjustments to the pace of technological change. Using Jorgensons multifactor productivity growth indexes for industrial sectors in the 1960's and 1970's the study explores effects of differential pace of technological changes on industry demands for educated and trained workers as reflected in PSID data covering the 1968 to 1983 period. The findings show relative increases both in quantity demanded (utilization) and in price (wages) of skilled workers in the more progressive sectors. Steeper wage profiles, lesser turnover, and lesser unemployment characterize labor in sectors whose productivity grew faster in preceding years. The growth of sectoral capital intensity produces similar effects. But, as newer vintages of capital contain new technology, the skill bias of capital intensity partly reflects the skill bias of technology.
URLhttps://www.nber.org/papers/w3207
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/560493
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Jacob Mincer. Human Capital Responses to Technological Change in the Labor Market. 1989.
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