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:
The Review of Economic Studies
影响因子:
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通讯作者:
W. Jin
W. Jin
中科院分区:
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文献类型:
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作者:
R. Blundell;D. Green;W. Jin

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1993 年至 2015 年间,拥有大学学位的英国人口比例增加了两倍。然而,同期大学工资溢价的趋势却异常平稳。我们表明这些模式不能用成分变化来解释。相反,我们提出了一个模型,其中企业在集中式和分散式组织形式之间进行选择,并证明它可以解释主要模式。我们还表明,该模型具有区别于外生技能偏向技术变革模型和内生发明模型的含义,并且英国数据符合这些含义。其结果是过去二十年英国劳动力市场转型的一致图景。
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.