Returns to Human Capital and Investment in New Technology

This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the skill premium from playing its role in fostering human capital accumulation and the adoption of new technologies. The study compares key economic indicators among Canada, France, Germany, the United Kingdom, and the United States. Differences in wage differen-tiation and investment in new technologies among these countries could be related to policies affecting labor markets; such practices may reflect social choices.
Publication date: September 2001
ISBN: 9781451855494
$15.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Labor , International - Economics , International - Economics , New technology , wage premium , income redistribution policies , wage , skilled workers , output growth , skilled labor , Econometric Modeling: General , Macroeconomic Policy , Macroeconomic Aspects of Public Finance , and General Outlook: General , Taxation , Subsidies , and Reve

Summary