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Technological Revolutions
Abstract
In skill-biased (de-skilling) technological revolutions learning investments required by new machines are greater (smaller) than those required by preexisting machines. Skill-biased (de-skilling) revolutions trigger reallocations of capital from slow- (fast- ) to fast- (slow- ) learning workers, thereby reducing the relative and absolute wages of the former. The model of skill-biased (de-skilling) revolutions provides insight into developments since the mid-1970's (in the 1910's). The empirical work documents a large increase in the interindustry dispersion of capital-labor ratios since 1975. Changes in industry capital intensity are related to the skill composition of the labor force. (JEL E23 J31 O33)
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Berman, E., Bound, J., & Griliches, Z. (1994) · The Quarterly Journal of Economics · doi:10.2307/2118467 · Cited by 1,870
Cited by
Acemoglu, D., & Restrepo, P. (2018) · American Economic Review · doi:10.1257/aer.20160696 · Cited by 3,121
Skills, Tasks and Technologies: Implications for Employment and Earnings
Acemoglu, D., & Autor, D. (2010) · doi:10.3386/w16082 · Cited by 2,180
Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence
Acemoglu, D. (1999) · American Economic Review · doi:10.1257/aer.89.5.1259 · Cited by 634
Earnings Dynamics, Changing Job Skills, and STEM Careers*
Deming, D. J., & Noray, K. (2020) · The Quarterly Journal of Economics · doi:10.1093/qje/qjaa021 · Cited by 418
Violante, G. L. (2008) · The New Palgrave Dictionary of Economics · doi:10.1057/978-1-349-95121-5_2388-1 · Cited by 238
Metadata
- Authors
- Caselli, F.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 1999-03-01
- Volume
- 89
- Issue
- 1
- Pages
- 78-102
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W4231059206
- Cited by
- 403
- References
- 1
- FWCI
- 33.13
- Type
- journal article
- Language
- en
- Open access
- closed
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