Wage Inequality and Entrepreneurship
increase the relative supply of skilled workers and thus decrease their relative price. I formalize this idea in an occupational choice model. A quantitative exercise suggests that the proposed mechanism can account for about one third of the observed cross country differences in the skill premium.
|Date of creation:||2010|
|Date of revision:|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
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