Literaturnachweis - Detailanzeige
| Autor/in | Teulings, Coen N. |
|---|---|
| Titel | Comparative Advantage, Relative Wages, and the Accumulation of Human Capital. |
| Quelle | In: Journal of Political Economy, 113 (2005) 2, S.425 (37 Seiten) |
| Dokumenttyp | gedruckt; Zeitschriftenaufsatz |
| ISSN | 0022-3808 |
| Schlagwörter | Wages; Skilled Workers; Human Capital |
| Abstract | I apply Ricardo's principle of comparative advantage to a theory of factor substitutability in a model with a continuum of worker and job types. Highly skilled workers have a comparative advantage in complex jobs. The model satisfies the distance-dependent elasticity of substitution (DIDES) characteristic: substitutability between types declines with their skill distance. I analyze changes in relative wages due to human capital accumulation. The concept of a complexity dispersion parameter or compression elasticity is introduced. Empirical studies suggest its value to be equal to two: a 1 percent increase in the stock of human capital reduces the Mincerian return by 2 percent. (Author). |
| Anmerkungen | University of Chicago Press, Journals Division, P.O. Box 37005, Chicago, IL 60637. Tel: 773-753-3347; Web site: http://www.journal.uchicago.edu; e-mail: subscriptions@press.uchicago.edu |
| Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
| Update | 2017/4/10 |
Literaturbeschaffung und Bestandsnachweise in Bibliotheken prüfen
Permalink als QR-Code
Inhalt auf sozialen Plattformen teilen (nur vorhanden, wenn Javascript eingeschaltet ist)
Teile diese Seite:
