Titelaufnahme

Titel
The supply of skill and endogenous technical change: evidence from a college expansion reform / Pedro Carneiro (University College London, IFS, Cemmap and IZA), Kai Liu (University of Cambridge and IZA), Kjell G. Salvanes (Norwegian School of Economics, CELE, FAIR NHH and IZA) ; IZA Institute of Labor Economics
VerfasserCarneiro, Pedro M. ; Liu, Kai ; Salvanes, Kjell G.
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, July 2018
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (67 Seiten) : Diagramme
SerieDiscussion paper ; no. 11661
URNurn:nbn:de:hbz:5:2-161547 
Zugriffsbeschränkung
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
The supply of skill and endogenous technical change: evidence from a college expansion reform [0.9 mb]
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Zusammenfassung

We examine the labor market consequences of an exogenous increase in the supply of skilled labor in several cities 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, leading to an upward-sloping long-run demand for skill.