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• W2113891569 abstract "We estimate the elasticity of substitution between skilled and unskilled labour and the pace of skill-biased technological change at the industry level. The data is compiled from the March extract of the Current Population Survey (CPS) from 1968 to 2006. Industry information provided by the survey is used to group workers into 13 industry categories and education levels are used to dichotomize workers as skilled or unskilled. We construct measures of the ratio of skilled to unskilled employment and the ratio of skilled to unskilled wages in each industry. Using a relationship implied by profit maximizing behaviour on the part of representative firms, this data generates estimates of structural parameters. We find considerable differences across industries in the elasticity of substitution between skilled and unskilled labour. Furthermore, while most industries have experienced skill-biased technological change, the pace of this change has varied widely across industries." @default.
• W2113891569 created "2016-06-24" @default.
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• W2113891569 date "2011-09-01" @default.
• W2113891569 modified "2023-10-18" @default.
• W2113891569 title "Industry estimates of the elasticity of substitution and the rate of biased technological change between skilled and unskilled labour" @default.
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• W2113891569 doi "https://doi.org/10.1080/00036840903476361" @default.
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