New Goods and the Relative Demand for Skilled Labor
This paper provides data on the output and factor payments of new goods for every four-digit industry in the U.S. manufacturing sector in the late 1970s and 1980s. For the entire manufacturing sector, the new goods' average skilled-labor intensity exceeds the old goods' by over 40%, and new goods can account for approximately 30% of the increase in the relative demand for skilled labor. Because new goods provide a direct measure of technology, this paper offers new evidence that technology has shifted demand in favor of skilled labor, consistent with the technology skill-complementarity hypothesis. © 2005 President and Fellows of Harvard College and the Massachusetts Institute of Technology.
Year of publication: |
2005
|
---|---|
Authors: | Xiang, Chong |
Published in: |
The Review of Economics and Statistics. - MIT Press. - Vol. 87.2005, 2, p. 285-298
|
Publisher: |
MIT Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Hanson, Gordon, (2011)
-
Exporting Christianity: Governance and Doctrine in the Globalization of US Denominations
Hanson, Gordon, (2011)
-
The Wage Effects of Offshoring: Evidence from Danish Matched Worker-Firm Data
Hummels, David L., (2011)
- More ...