Search results for "High skill"

showing 2 items of 2 documents

Technology and Labor Regulations: Theory and Evidence

2015

This paper shows that different labor market policies can lead to differences in technology across sectors in a model of labor saving technologies. Labor market regulations reduce the skill premium and as a result, if technologies are labor saving, countries with more stringent labor regulation, which bind more for low skilled workers, become less technolog- ically advanced in their high skill sectors, but more technologically advanced in their low skill sectors. We then present data on capital-output ratios, on estimated productivity levels and on patent creation, which tend to support the predictions of our model.

Economics and EconometricsLabour economicsComputingMilieux_THECOMPUTINGPROFESSIONSecondary labor market05 social sciencesTechnology choicejel:J50Technology choice Cost of labor Skill premium Labor regulationsHigh skilljel:J31Labor savingComputingMilieux_GENERAL0502 economics and businessjel:O33Economics050207 economicsSettore SECS-P/01 - Economia PoliticaProductivityLow skilled050205 econometrics
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ON HIGH-SKILL AND LOW-SKILL EQUILIBRIA: A MARKOV CHAIN APPROACH

2006

In this paper we propose to study the dynamics of human capital accumulation by means of a Markov chain. We identify the conditions for the emergence of ergodic and nonergodic dynamics, and relate them to various characteristics of an economic system. The model may generate high-skill and low-skill equilibria as well as intermediate situations. Policy implications are also discussed.

MicroeconomicsEconomics and EconometricsMarkov chainMarkov renewal processFinancial economicsEconomicsErgodic theoryHigh skillHuman capitalMetroeconomica
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