Working Paper Series
Factor Supplies and the Direction of Technical Change
() 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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