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Skilled-Unskilled Wage Inequality, Technological Progress and Factor Mobility
Conference paper   Peer reviewed

Skilled-Unskilled Wage Inequality, Technological Progress and Factor Mobility

Sajid Anwar and J Zhang
Proceedings of the 41st Australian Conference of Economists, pp.1-12
Australian Conference of Economists (ACE): The Future of Economics: Research, Policy and Relevance, 41st (Melbourne, Australia, 08-Jul-2012–12-Jul-2012)
Victoria University
2012

Abstract

Applied Economics skilled-unskilled wage gap biased technological progress factor mobility elasticity of substitution
The existing studies have shown that skilled-unskilled wage gap is affected by the size of elasticity of substitution in consumption. This paper focuses on the role of elasticity of substitution in production. By making use of a two-sector general equilibrium model, it is shown the size of elasticity of substitution in production affects the factor inflow induced skilled-unskilled wage gap. However, the size of elasticity of substitution in production does not affect the relationship between biased technological improvement and skilled-unskilled wage gap.

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