Skill-biased Technological Change in Small Open Economies

• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: Yong M. Kim Chul-In Lee
• 간행물 정보: 『한국재정학회 학술대회 논문집』2019년도 추계학술대회 논문집, 1~43쪽, 전체 43쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2019.10.25

영문 초록

Recent decades have seen rising earnings inequality combined with changing employment structure, for which skill-biased technological change (SBTC) has been proposed as a driving force. We reexamine the effects of SBTC in a small innovative open economy context where both factor and output markets are integrated to world markets. We demonstrate that market openness further exacerbates the SBTC effects on both wage inequality and employment chances for unskilled workers, because openness essentially boosts the marginal productivity of skilled workers more and fosters incentives to conduct R&D investment, holding other things constant. Using micro data about a small open economy that experienced rising openness and R&D activities over the sample period of 1998-2008, we obtain evidence that the wages and employment of skilled labor have increased more over time in the high-tech and trade industries that are more likely to be affected by SBTC. Some implications are discussed.

목차

Ⅰ. Introduction

Ⅱ. The model

Ⅲ. Calibration results

Ⅳ. Some evidence from the KLIPS data

Ⅴ. Summary and conclusions

키워드

skill technology employment small open economy trade capital mobility immigration.