Earnings Inequality and Skill-Biased Technological Change with Endogenous Choice of Education
构建一个一般均衡世代交叠模型，分析随机技能偏向型技术变革如何通过教育、能力和年龄导致的技能差异影响收入不平等，并成功复现美国工资分布和人力资本积累的典型事实。
This article analyzes the impact of stochastic skill-biased technological change on earnings inequality in a general equilibrium OLG model. Wage dispersion is determined by the heterogeneity of skills by allowing for productivity differences due to education, ability, and age. The model performs well in reproducing stylized facts on the time pattern of the U.S. wage distribution and human capital accumulation. In particular, it shows that slow adjustment of the supply of educated labor can itself explain the nonmonotonic time pattern of the college premium.