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Supply of Human Capital in Times of Skill Biased Technological Change / Die Reaktion des Humankapitalangebots auf qualifikationsverzerrten technischen Fortschritt

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  • Zwick Thomas

    (Zentrum für Europäische Wirtschaftsforschung (ZEW), L7,l, D-68161 Mannheim)

Abstract

This paper analyses the skill supply consequences of skill biased technological change. In a simple microeconomic model it is shown that higher skill wage mark-ups as well as higher relative unskilled unemployment - frequently attributed to skill biased technological change - induce overqualification. Therefore over-qualification is an equilibrium mechanism when skill rents increase.

Suggested Citation

  • Zwick Thomas, 2001. "Supply of Human Capital in Times of Skill Biased Technological Change / Die Reaktion des Humankapitalangebots auf qualifikationsverzerrten technischen Fortschritt," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 221(3), pages 322-335, June.
    • Handle: RePEc:jns:jbstat:v:221:y:2001:i:3:p:322-335
    DOI: 10.1515/jbnst-2001-0306
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    References listed on IDEAS

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