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dc.contributor.authorAcemoglu, Daron
dc.contributor.authorAutor, David H.
dc.date.accessioned2012-10-12T13:59:19Z
dc.date.available2012-10-12T13:59:19Z
dc.date.issued2012-06
dc.date.submitted2012-02
dc.identifier.issn0022-0515
dc.identifier.issn0364-281X
dc.identifier.urihttp://hdl.handle.net/1721.1/73913
dc.description.abstractGoldin and Katz s The Race between Education and Technology is a monumental achievement that supplies a uni ed 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 re nes 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.language.isoen_US
dc.publisherAmerican Economic Associationen_US
dc.relation.isversionofhttp://dx.doi.org/10.1257/jel.50.2.426
dc.rightsCreative Commons Attribution-Noncommercial-Share Alike 3.0en_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/en_US
dc.sourceMIT web domainen_US
dc.titleWhat Does Human Capital Do? A Review of Goldin and Katz's The Race between Education and Technologyen_US
dc.typeArticleen_US
dc.identifier.citationAcemoglu, Daron and David Autor. "What Does Human Capital Do? A Review of Goldin and Katz's The Race between Education and Technology." Journal of Economic Literature, 50(2): 426-63.en_US
dc.contributor.departmentMassachusetts Institute of Technology. Department of Economicsen_US
dc.contributor.approverAcemoglu, Daron
dc.contributor.mitauthorAcemoglu, Daron
dc.contributor.mitauthorAutor, David H.
dc.relation.journalJournal of Economic Literatureen_US
dc.eprint.versionAuthor's final manuscripten_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/PeerRevieweden_US
dspace.orderedauthorsAcemoglu, Daron; Autor, Daviden_US
dc.identifier.orcidhttps://orcid.org/0000-0002-6915-9381
dc.identifier.orcidhttps://orcid.org/0000-0003-0908-7491
mit.licenseOPEN_ACCESS_POLICYen_US
mit.metadata.statusComplete


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