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The Allocation of Talent and U.S. Economic Growth

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  • Chang-Tai Hsieh
  • Erik Hurst
  • Charles I. Jones
  • Peter J. Klenow

Abstract

Over the last 50 years, there has been a remarkable convergence in the occupational distribution between white men, women, and blacks. We measure the macroeconomic consequences of this convergence through the prism of a Roy model of occupational choice in which women and blacks face frictions in the labor market and in the accumulation of human capital. The changing frictions implied by the observed occupational convergence account for 15 to 20 percent of growth in aggregate output per worker since 1960.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 18693.

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Date of creation: Jan 2013
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Handle: RePEc:nbr:nberwo:18693

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  1. Andrés Erosa & Tatyana Koreshkova & Diego Restuccia, 2009. "How important is human capital? A quantitative theory assessment of world income inequality," Working Papers 2009-11, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
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  3. Dupuy, Arnaud, 2010. "An Economic Model of the Evolution of the Gender Performance Ratio in Individual Sports," IZA Discussion Papers 4838, Institute for the Study of Labor (IZA).
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  9. Blau, Francine D. & Brummund, Peter & Liu, Albert Yung-Hsu, 2012. "Trends in Occupational Segregation by Gender 1970-2009: Adjusting for the Impact of Changes in the Occupational Coding System," IZA Discussion Papers 6490, Institute for the Study of Labor (IZA).
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Cited by:
  1. Matthias Doepke & Fabrizio Zilibotti, 2012. "Parenting with style: Altruism and paternalism in intergenerational preference transmission," ECON - Working Papers 104, Department of Economics - University of Zurich.
  2. Bombardini, Matilde & Gallipoli, Giovanni & Pupato, Germán, 2014. "Unobservable skill dispersion and comparative advantage," Journal of International Economics, Elsevier, vol. 92(2), pages 317-329.
  3. Costas Arkolakis & Natalia Ramondo & Andrés Rodríguez-Clare & Stephen Yeaple, 2013. "Innovation and Production in the Global Economy," NBER Working Papers 18972, National Bureau of Economic Research, Inc.

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