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- W1545557942 abstract "The skill premium — the wage of skilled labor relative to the wage of unskilled labor — has increased substantially in the United States since the 1970s. The higher skill premium has been attributed to skill-biased factor-specific technical change or to capital accumulation when skilled labor is relatively more complementary to capital than is unskilled labor. The authors describe an economic mechanism through which factor-specific technical change and capital accumulation respond to changes in the rate of capital-embodied technical change, and they trace out how accelerated capital-embodied technical change increases the skill premium in the medium and long run." @default.
- W1545557942 created "2016-06-24" @default.
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- W1545557942 date "2003-01-01" @default.
- W1545557942 modified "2023-09-23" @default.
- W1545557942 title "Implications of the Capital-Embodiment Revolution for Directed R&D and Wage Inequality" @default.
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