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| Author: | Acemoglu, D. |
| Title: | Changes in unemployment and wage inequality: an alternative theory and some evidence |
| Journal: | American Economic Review
1999 : DEC, VOL. 89:5, p. 1259-1278 |
| Index terms: | ECONOMICS UNEMPLOYMENT PAY |
| Language: | eng |
| Abstract: | The author presents a model where firms decide what types of jobs to create and then search for suitable workers. When there are few skilled workers and the skilled-unskilled productivity gap is small, firms create a single type of job and recruit all workers. An increase in the proportion of skilled workers or skill-biased technical change can create a qualitative change in the composition of jobs, increasing the demand for skills, wage inequality, and unemployment. |
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