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What Does Human Capital Do? A Review of Goldin and Katz's "The Race between Education and Technology". NBER Working Paper No. 17820
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Acemoglu, Daron; Autor, David – National Bureau of Economic Research, 2012
Goldin 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…
Descriptors: Economic Progress, Human Capital, Labor Market, Labor