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)
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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, Professor 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 |
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