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dc.contributor.authorAcemoglu, Daron
dc.contributor.authorAutor, David
dc.date.accessioned2012-03-07T23:33:25Z
dc.date.available2012-03-07T23:33:25Z
dc.date.issued2012-03-07
dc.identifier.urihttp://hdl.handle.net/1721.1/69590
dc.descriptionThis revision: February 2, 2012. Original submission: January 11, 2012.en_US
dc.description.abstractGoldin and Katz’s The Race between Education and Technology is a monumental achievement that supplies a unified framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings in the U.S. labor market over the 20th century. This essay reviews the theoretical and conceptual underpinnings of this work and documents the success of Goldin and Katz’s framework in accounting for numerous broad labor market trends. The essay also considers areas where the framework falls short in explaining several key labor market puzzles of recent decades and argues that these shortcomings can potentially be overcome by relaxing the implicit equivalence drawn between workers’ skills and their job tasks in the conceptual framework on which Goldin and Katz build. The essay argues that allowing for a richer set of interactions between skills and technologies in accomplishing job tasks both augments and refines the predictions of Goldin and Katz’s approach and suggests an even more important role for human capital in economic growth than indicated by their analysis.en_US
dc.publisherCambridge, MA: Department of Economics, Massachusetts Institute of Technology
dc.relation.ispartofseriesWorking Papers;Massachusetts Institute of Technology, Dept. of Economics;12-02
dc.rightsAn error occurred on the license name.en
dc.rights.uriAn error occurred getting the license - uri.en
dc.subjectearningsen_US
dc.subjecteducationen_US
dc.subjecteconomic growthen_US
dc.subjectinequalityen_US
dc.subjecthuman capitalen_US
dc.subjectskillsen_US
dc.subjectskill-biased technological changeen_US
dc.subjecttasksen_US
dc.subjecttechnologyen_US
dc.titleWhat Does Human Capital Do? A Review of Goldin and Katz's The Race between Education and Technologyen_US
dc.typeWorking Paperen_US
dc.audience.educationlevel


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