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Events
Skill-Biased Structural Change
April 9, 2015Macro, Trade, and Finance Seminar Series

Richard Rogerson (Princeton) will share the results of recent research.

Richard Rogerson is a Professor of Economics and Public Affairs at Princeton University, a Research Associate at the National Bureau of Economic Research, and a fellow of the Econometric Society. His teaching and research interests are in the fields of macroeconomics and labor economics. More »

Abstract: We document for a broad panel of advanced economies that increases in GDP per capita are associated with a shift in the composition of value added to sectors that are intensive in high-skill labor. It follows that further development in these economies leads to an increase in the relative demand for skilled labor. We develop a two-sector model of this process and use it to assess the contribution of this process of skill-biased structural change to the rise of the skill premium in the US over the period 1977 to 2005. We find that these compositional demands account for between 25 and 30% of the overall increase of the skill premium due to technical change.

Paper: Skill-Biased Structural Change

 

Last Updated: Apr 03, 2015

The Macro, Trade, and Finance Seminar Series is a weekly series hosted by the World Bank's research department. The series invites leading researchers from the fields of macroeconomics, growth, trade, international integration, and finance to present the results of their most recent research in a seminar format. The full list of seminars can be viewed here.

Event Details
  • Date: April 9, 2015
  • Location: World Bank Main Complex, MC10-100
  • Time: 12:30 - 2:00 p.m.
  • CONTACT: Shweta Mesipam
  • smesipam@worldbank.org