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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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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. Francine D. Blau & Peter Brummund & Albert Yung-Hsu Liu, 2012. "Trends in Occupational Segregation by Gender 1970-2009: Adjusting for the Impact of Changes in the Occupational Coding System," NBER Working Papers 17993, National Bureau of Economic Research, Inc.
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Cited by:
  1. Matthias Doepke & Fabrizio Zilibotti, 2014. "Parenting with style: altruism and paternalism in intergenerational preference transmission," UBSCENTER - Working Papers 008, UBS International Center of Economics in Society - Department of Economics - University of Zurich.
  2. 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.
  3. Bombardini, Matilde & Gallipoli, Giovanni & Pupato, Germán, 2014. "Unobservable skill dispersion and comparative advantage," Journal of International Economics, Elsevier, vol. 92(2), pages 317-329.

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