Wage inequality, skills and mastering new technologies / José M. Quintero-Holguín.
Material type:
TextLanguage: English Series: Documentos CEDE ; 27Publisher: Bogotá : Universidad de los Andes, Facultad de Economía, CEDE, 2018Description: 22 páginas : gráficos ; 28 cmContent type: texto Media type: sin mediación Carrier type: volumenISSN: 1657-5334Subject(s): Diferenciales salariales | Salarios -- Efecto de las innovaciones tecnológicas | Competencias laborales -- Aspectos tecnológicos. -- Modelos matemáticos | Innovaciones tecnológicas -- Aspectos laboralesDDC classification: 331.2 Online resources: Consulta en línea Abstract: In this paper I provide a new explanation for the increasing inequality between skilled and unskilled. This work introduces a problem solving based model in which agents invest in technological innovations to solve problems and sell their solutions in the market. Each agent has feasible set they can solve which depends on their skills and the set of technology they have access to. However, unlike the skilled biased technological change explanation, I do not assume that new technologies are necessarily complementary with skills. Instead, skills will play a role in how fast agents are able to adopt new technologies. High skilled individuals will adopt new technologies a lower cost relative to the unskilled. Under this frame, the model sets two different mechanisms that feed the wage gap between skilled and unskilled: productivity and access to the latest technological innovations.
| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|---|---|
Libros
|
Biblioteca CESA
Diagonal 34 A No. 5 A - 23 Casa Incolda PBX: 339 53 00 serviciosbiblioteca@cesa.edu.co |
General | 331.2 / Q7w 2018 (Browse shelf(Opens below)) | Ej.1 | Available (Sin restricciones) | 7101026120 |
Incluye referencias bibliográficas (páginas 21-22).
In this paper I provide a new explanation for the increasing inequality between skilled and unskilled. This work introduces a problem solving based model in which agents invest in technological innovations to solve problems and sell their solutions in the market. Each agent has feasible set they can solve which depends on their skills and the set of technology they have access to. However, unlike the skilled biased technological change explanation, I do not assume that new technologies are necessarily complementary with skills. Instead, skills will play a role in how fast agents are able to adopt new technologies. High skilled individuals will adopt new technologies a lower cost relative to the unskilled. Under this frame, the model sets two different mechanisms that feed the wage gap between skilled and unskilled: productivity and access to the latest technological innovations.
Click on an image to view it in the image viewer
There are no comments on this title.