@article{10.1093/restud/rdab035,
    author = {Buera, Francisco J and Kaboski, Joseph P and Rogerson, Richard and Vizcaino, Juan I},
    title = "{Skill-Biased Structural Change}",
    journal = {The Review of Economic Studies},
    year = {2021},
    month = {07},
    abstract = "{Using a broad panel of advanced economies, we document 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 labour, a process we label as skill-biased structural change. It follows that further development in these economies leads to an increase in the relative demand for skilled labour. We develop a quantitative two-sector model of this process as a laboratory to assess the sources of the rise of the skill premium in the U.S. and a set of ten other advanced economies, over the period 1977 to 2005. For the U.S., we find that the sector-specific skill neutral component of technical change accounts for 18–24\\% of the overall increase of the skill premium due to technical change, and that the mechanism through which this component of technical change affects the skill premium is via skill-biased structural change.}",
    issn = {0034-6527},
    doi = {10.1093/restud/rdab035},
    url = {https://doi.org/10.1093/restud/rdab035},
    note = {rdab035},
    eprint = {https://academic.oup.com/restud/advance-article-pdf/doi/10.1093/restud/rdab035/39771213/rdab035.pdf},
}