Human Capital Accumulation and Transition to Skilled Employment
本文构建了一个包含人力资本的模型，研究投资和教育相关的技术进步如何影响职业转型和技能溢价。模型预测，物质资本生产率提高会小幅增加技能工人供给并显著扩大技能溢价，而教育生产率提高则会降低工资不平等并增加流动性。
This paper assesses the impact of investment- and education-specific technical change on occupational transition and the skill premium in a model with human capital. In this framework, human capital augments labor productivity and also facilitates the transition to skilled employment. In line with empirical evidence, this setup predicts that an increase in the productivity of physical capital (investment-specific change) leads to very small increases in the relative supply of skilled workers and to significant and rising increases in the skill premium. Additionally, reforms that improve the productivity of resources used in education (education-specific change) reduce wage inequality and increase mobility.