| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29895 |
| 来源ID | Working Paper 29895 |
| Labor Substitutability among Schooling Groups | |
| Mark Bils; Bariş Kaymak; Kai-Jie Wu | |
| 发表日期 | 2022-03-28 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Knowing the degree of substitutability between schooling groups is essential to understanding the role of human capital in income differences and to assessing the economic impact of such policies as schooling subsidies, immigration systems, or redistributive taxes. We derive a lower bound for the substitutability required for worldwide growth in real GDP from 1960 to 2010 to be consistent with a stable wage premium for schooling despite the rapid growth in schooling, assuming no exogenous worldwide regress in the technology frontier for workers with only primary schooling. That lower bound for the long-run elasticity of substitution is about 4, which is far higher than values commonly used in the literature. Given our bound, we reexamine the importance of human capital in cross-country income differences and the roles of school quality versus the skill bias of technology in greater efficiency gains from schooling in richer countries. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Development and Growth ; Development ; Growth and Productivity |
| URL | https://www.nber.org/papers/w29895 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587567 |
| 推荐引用方式 GB/T 7714 | Mark Bils,Bariş Kaymak,Kai-Jie Wu. Labor Substitutability among Schooling Groups. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29895.pdf（1070KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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