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Cited by 664

The DOI matches its Crossref record; 24 of the 24 references it cites were found in a registry or an index.

The Allocation of Talent and U.S. Economic Growth

Hsieh, Chang-Tai, Hurst, Erik, Jones, Charles I., Klenow, Peter J.·2019·Econometrica
DOI 10.3982/ecta11427
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Abstract

In 1960, 94 percent of doctors and lawyers were white men. By 2010, the fraction was just 62 percent. Similar changes in other highly‐skilled occupations have occurred throughout the U.S. economy during the last 50 years. Given that the innate talent for these professions is unlikely to have changed differently across groups, the change in the occupational distribution since 1960 suggests that a substantial pool of innately talented women and black men in 1960 were not pursuing their comparative advantage. We examine the effect on aggregate productivity of the convergence in the occupational distribution between 1960 and 2010 through the prism of a Roy model. Across our various specifications, between 20% and 40% of growth in aggregate market output per person can be explained by the improved allocation of talent.

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Metadata

Authors
Hsieh, C.-T., Hurst, E., Jones, C. I., & Klenow, P. J.
Venue
Econometrica
Publisher
The Econometric Society
Published
2019
Volume
87
Issue
5
Pages
1439-1474
ISSN
0012-9682 (ISSN-L)
DOI
10.3982/ecta11427
OpenAlex
W2974391059
Cited by
664
References
24
FWCI
71.07
Type
journal article
Language
en
Open access
closed

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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