Skill Premium, Biased Technological Change and Income Differences 被引量：6

Skill Premium, Biased Technological Change and Income Differences

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摘要 Using 1987-2006panel data for China, we explore the dynamics of the skill premium. The present paper focuses on the skill premium as an explanation for why income differences are so large in China. Our empirics show that： the rise in the relative supply of skilled labor results in an increase, instead of a decrease, in the skill premium; domestic investment is not complementary with skill formation; the skill premium is higher in more developed provinces; economic openness facilitates an increase in the skill premium; whether foreign direct investment induces skill-based technology change or not, it drives up the skill premium. An array of policy prescriptions for reducing income differences and ensuring sustained economic growth are provided. Using 1987-2006panel data for China, we explore the dynamics of the skill premium. The present paper focuses on the skill premium as an explanation for why income differences are so large in China. Our empirics show that： the rise in the relative supply of skilled labor results in an increase, instead of a decrease, in the skill premium; domestic investment is not complementary with skill formation; the skill premium is higher in more developed provinces; economic openness facilitates an increase in the skill premium; whether foreign direct investment induces skill-based technology change or not, it drives up the skill premium. An array of policy prescriptions for reducing income differences and ensuring sustained economic growth are provided.

作者 Wei Zou Lan Liu Ziyin Zhuang

机构地区 Professor Lecturer Professor

出处《China & World Economy》 SCIE 2009年第6期64-87,共24页 中国与世界经济（英文版）

基金 the National Science Foundation of China (No.70673072 and 70203008) the National Social Science Foundation (No.06 BJL 039) for financial support.

关键词 income differences skill biased technological change skill premium income differences, skill biased technological change, skill premium

分类号 F124.7 [经济管理—世界经济] F270 [经济管理—企业管理]

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参考文献10

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