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Direct linkAcemoglu, 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
Acemoglu, Daron; Autor, David – National Bureau of Economic Research, 2010
A central organizing framework of the voluminous recent literature studying changes in the returns to skills and the evolution of earnings inequality is what we refer to as the canonical model, which elegantly and powerfully operationalizes the supply and demand for skills by assuming two distinct skill groups that perform two different and…
Descriptors: Employment, Salary Wage Differentials, Skills, Supply and Demand
