The U.K. as a Technological Follower: Higher Education Expansion and the College Wage Premium
研究了1993-2015年间英国大学毕业生比例翻三倍但大学工资溢价却异常平稳的现象，提出企业组织形式选择模型来解释这一矛盾，并验证了其与英国数据的吻合。
Abstract The proportion of U.K. people with university degrees tripled between 1993 and 2015. However, over the same period the time trend in the college wage premium has been extraordinarily flat. We show that these patterns cannot be explained by composition changes. Instead, we present a model in which firms choose between centralized and decentralized organizational forms and demonstrate that it can explain the main patterns. We also show the model has implications that differentiate it from both the exogenous skill-biased technological change model and the endogenous invention model, and that U.K. data fit with those implications. The result is a consistent picture of the transformation of the U.K. labour market in the last two decades.