Human capital accumulation and transition to skilled employment

Angelopoulos, K., Malley, J. and Philippopoulos, A. (2017) Human capital accumulation and transition to skilled employment. Journal of Human Capital, 11(1), pp. 72-105. (doi:10.1086/690445)

[img]
Preview
Text
131724.pdf - Accepted Version

491kB

Abstract

This paper assesses the impact of investment- and education-specific technical change on occupational transition and the skill premium in a model with human capital. In this framework, human capital augments labor productivity and also facilitates the transition to skilled employment. In line with empirical evidence, this setup predicts that an increase in the productivity of physical capital (investment-specific change) leads to very small increases in the relative supply of skilled workers and to significant and rising increases in the skill premium. Additionally, reforms that improve the productivity of resources used in education (education-specific change) reduce wage inequality and increase mobility.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Philippopoulos, Prof Apostolis and Malley, Professor Jim and Angelopoulos, Dr Konstantinos
Authors: Angelopoulos, K., Malley, J., and Philippopoulos, A.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Journal of Human Capital
Publisher:University of Chicago Press
ISSN:1932-8575
ISSN (Online):1932-8664
Copyright Holders:Copyright © 2016 University of Chicago Press
First Published:First published in Journal of Human Capital 11(1):72-105
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

University Staff: Request a correction | Enlighten Editors: Update this record

Project CodeAward NoProject NamePrincipal InvestigatorFunder's NameFunder RefLead Dept
512541Optimal taxation in heterogeneous agent dynamic general equilibrium models.James MalleyEconomic & Social Research Council (ESRC)ES/H021140/1BUS - ECONOMICS