Directed technical change, the elasticity of substitution and wage inequality in developing countries.
We develop a model of endogenous skill-biased technical change in developing countries. The model reconciles wildly dispersed existing estimates of the elasticity of substitution between more and less educated workers. It also produces an estimating equation for the elasticity, which allow us to p...
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| Format: | Working paper |
| Language: | English |
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Department of Economics (University of Oxford)
2009
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