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_c522282 _d522282 |
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| 100 |
_aHendricks, Lutz and Schoellman, Todd _939153 |
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| 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 | ||