Skill-Biased Technological Change
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- It can range from (typically) being Technological Change Biased to High-Skilled Workers (high-skill worker) to being a Technological Change Biased to Low-Skilled Worker.
- See: Capital–Skill Complementarity; Elasticity of Substitution.
- QUOTE: Skill-biased technical change is a shift in the production technology that favours skilled over unskilled labour by increasing its relative productivity and, therefore, its relative demand. Traditionally, technical change is viewed as factor-neutral. However, recent technological change has been skill-biased. Theories and data suggest that new information technologies are complementary with skilled labour, at least in their adoption phase. Whether new capital complements skilled or unskilled labour may be determined endogenously by innovators’ economic incentives shaped by relative prices, the size of the market, and institutions. The ‘factor bias’ attribute puts technological change at the center of the income-distribution debate.
- (Brynjolfsson & McAfee, 2014) ⇒ Erik Brynjolfsson, and Andrew McAfee. (2014). “The Second Machine Age: Work, Progress, and Prosperity in the Time of Brilliant Technologies." W W Norton & Company. ISBN:0393239357
- QUOTE: The third argument for technological unemployment may be the most troubling of all. It goes beyond “temporary” maladjustments. As described in detail in chapters 8 and 9, recent advances in technology have created both winners and losers via skill-biased technical change, capital-biased technical change, and the proliferation of superstars in winner-take-all markets.
- (Spitz, 2004) ⇒ Alexandra Spitz. (2004). “Are Skill Requirements in the Workplace Rising. Stylized Facts and Evidence on Skill-biased Technological Change." Stylized Facts and Evidence on Skill-Biased Technological Change
- (Autor et al., 2003) ⇒ David H. Autor, Frank Levy, and Richard J Murnane. (2003). “The Skill Content of Recent Technological Change: An Empirical Exploration.” In: The Quarterly Journal of Economics. doi:10.1162/003355303322552801
- QUOTE: A wealth of quantitative and case-study evidence documents a striking correlation between the adoption of computer-based technologies and the increased use of college-educated labor within detailed industries, within firms, and across plants within industries. ... This robust correlation is frequently interpreted as evidence of skill-biased technical change.
- (Card & DiNardo, 2002) ⇒ David Card, and John E. DiNardo . (2002). “Skill Biased Technological Change and Rising Wage Inequality: Some Problems and Puzzles." No. w8769. National Bureau of Economic Research,
- (Bresnahan et al., 1999) ⇒ Timothy F Bresnahan, Erik Brynjolfsson, and Lorin M Hitt. (1999). “Information Technology, Workplace Organization and the Demand for Skilled Labor: Firm-level Evidence." doi:10.3386/w7136
- (Berman et al., 1997) ⇒ Eli Berman, John Bound, and Stephen Machin. (1997). “Implications of Skill-biased Technological Change: International Evidence." No. w6166 . National Bureau of Economic Research,