Carneiro, Pedro;
salvanes, kjell;
liu, kai;
(2022)
The Supply of Skill and Endogenous Technical Change: Evidence From a College Expansion Reform.
Journal of the European Economic Association
10.1093/jeea/jvac032.
(In press).
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Abstract
We examine the labor market consequences of an exogenous increase in the supply of skilled labor in several municipalities in Norway, resulting from the construction of new colleges in the 1970s. We find that skilled wages increased as a response, suggesting that along with an increase in the supply there was also an increase in demand for skill. We also show that college openings led to an increase in the productivity of skilled labor and investments in R&D. Our findings are consistent with models of endogenous technical change where an abundance of skilled workers may encourage firms to adopt skill-complementary technologies.
| Type: | Article |
|---|---|
| Title: | The Supply of Skill and Endogenous Technical Change: Evidence From a College Expansion Reform |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1093/jeea/jvac032 |
| Publisher version: | https://doi.org/10.1093/jeea/jvac032 |
| Language: | English |
| Additional information: | © The Author(s) 2022. Published by Oxford University Press on behalf of European Economic Association. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/). |
| Keywords: | I24 - Education and InequalityJ23 - Labor DemandJ24 - Human Capital; Skills; Occupational Choice; Labor ProductivityO33 - Technological Change: Choices and Consequences; Diffusion Processes |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics UCL > Provost and Vice Provost Offices > UCL SLASH UCL |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10146523 |
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