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【6.14 Seminar】Joseph Kaboski: Skill-Biased Structural Change

2018-11-28

Skill-Biased Structural Change
 
 
 
Time:10:30am-12:00pm, Jun 14, 2018
Venue:Room 359S, Overseas Exchange Center, Peking University
Speaker:Joseph Kaboski (Prof.of Economics in the Department of Economics at the University of Notre Dame)
 
 
 

【Abstract】

We document for a broad panel of advanced economies that increases in GDP per capita are associated with a systematic shift in the composition of value added to sectors that are intensive in high-skill labor, a process we label as skill biased structural change. It follows that further development in these economies leads to an increase in there lative demand for skilled labor. We develop a two-sector model of this process and use it to assess the contribution of this process of skill-biased structural change to the rise of the skill premium in both the US, and a broad panel of advanced economies, over the period 1977 to 2005. We find that these compositional changes in demand account for between 25 and 30% of the over all increase of the skill premium due to technical change.

 

 

【Speaker】
 
 
Joseph P. Kaboski is the David F. and Erin M.Seng Foundation Professor of Economics in the Department of Economics at the University of Notre Dame and a Fellow of the Kellogg Institute. His research focuses on growth, development and international economics, with an emphasis on structural change, finance and development, schooling and growth, microfinance, explaining international relative price patterns, and the role of inventoriesin international trade. In 2012, he was awarded the prestigious Frisch Medal, awarded biannually for the best paper in the journal Econometrica over the previous five years.  He has published scholarly articles in many journals including, the American Economic Review, Econometrica, the Journal of Economic Theory, the Journal of Monetary Economics, and the Journal of the European Economic Association. He is an Associate Editor at the Journal of Human Capital, a Research Associate of the National Bureau of Economic Research, and a Fellow and Board Member of the Bureau of Research in Economics Analysis of Development.  He has consulted for the Federal Reserve Banks of Chicago, Minneapolis, and St. Louis; the World Bank; the International Monetary Fund; and is a Senior Advisor and Board Member to the research department of the Central Bank of Armenia. He is the president of CREDO, a past consultant to Catholic Relief Services, and is currently a Consultant to the USCCB, Committee on Domestic Justice and Human Development. He received his Ph.D. in Economics from the University of Chicago in 2001 and has previously been an assistant and associate professor at Ohio State University and a visiting professor at the University of Chicago.