This article studies the implications of highly skilled labor international migration in a two-country dynamic stochastic general equilibrium model. The model considers three types of workers: Science, Technology, Engineering, or Mathematics (STEM) workers, non-STEM college educated workers, and...

This paper quantitatively measures technological change in U.S. jet fighter aircraft from 1944 to the present day using the hedonic pricing approach. The technical and performance characteristics of jet fighters have changed dramatically between the time they were first developed at the...