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Research Institute of Industrial Economics (IFN) Working Paper Series

No 640:
Factor Supplies and the Direction of Technical Change

Helena Svaleryd () and Jonas Vlachos ()

Abstract: In this paper, we empirically address the hypothesis that there is a relationship between the supply of human capital and the rate and direction of skill-biased technical change (SBTC). Using country- and industry-level data on OECD countries, we find R&D to be positively related to the supply of human capital. There is, however, no indication that this translates into higher rates of SBTC, when SBTC is measured as changes in the wage bill share of skilled labor. Interestingly, both R&D and the rate of SBTC seem to be relatively high in low-skill industries in countries where the supply of human capital is relatively high.

Keywords: Skilled-biased Technical Change; Supply of Human Capital; (follow links to similar papers)

JEL-Codes: J32; O31; (follow links to similar papers)

22 pages, May 12, 2005

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