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| Tekijä: | Gould, E. D. Moav, O. Weinberg, B. A. |
| Otsikko: | Precautionary demand for education, inequality, and technological progress |
| Lehti: | Journal of Economic Growth
2001 : DEC, VOL. 6:4, p. 285-315 |
| Asiasana: | Pay differentials Employees Workers Education Technology Inequality Econometric models |
| Kieli: | eng |
| Tiivistelmä: | This paper offers an explanation for the evolution of wage inequality within and between industries and education groups over the past several decades. The model is based on the disproportionate depreciation of technology-specific skills versus general skills due to technological progress, which occurs randomly across sectors. Consistent with empirical evidence, the model predicts that increasing randomness is the primary source of inequality growth within uneducated workers, wheareas ineqyality growth within educated workers is determined more by changes in the composition and return to ability. |
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