The U.K. as a Technological Follower: Higher Education Expansion and the College Wage Premium
The U.K. as a Technological Follower: Higher Education Expansion and the College Wage Premium
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英国作为技术追随者:高等教育扩张和大学工资溢价
DOI:
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发表时间:
2021
期刊:
影响因子:
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通讯作者:
W. Jin
中科院分区:
文献类型:
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作者:
R. Blundell;D. Green;W. Jin
The proportion of U.K. people with university degrees tripled between 1993 and 2015. However, over the same period the time trend in the college wage premium has been extraordinarily flat. We show that these patterns cannot be explained by composition changes. Instead, we present a model in which firms choose between centralized and decentralized organizational forms and demonstrate that it can explain the main patterns. We also show the model has implications that differentiate it from both the exogenous skill-biased technological change model and the endogenous invention model, and that U.K. data fit with those implications. The result is a consistent picture of the transformation of the U.K. labour market in the last two decades.