000 01084nam a22001457a 4500
999 _c522282
_d522282
008 230328b ||||| |||| 00| 0 eng d
100 _aHendricks, Lutz and Schoellman, Todd
_939153
245 _aSkilled labor productivity and cross-country income differences
260 _aAmerican Economic Journal: Macroeconomics
300 _a15(1), Jan, 2023: p.240-268
520 _aThis paper revisits the question of how allowing for imperfect substitution among workers with different skill levels affects the results of development accounting. We consider a range of models that nest the approaches in the literature and calibrate them to a common set of moments, including particularly evidence on the wage gains of migrants. We obtain two main results. First, human capital accounts for between one-half and three-fourths of cross-country income gaps. Second, human capital accounts for only modest variation in the relative productivity of skilled versus unskilled labor.- Reproduced
773 _aAmerican Economic Journal: Macroeconomics
906 _aLABOURS
942 _cAR