Whodunnit?: Changes in the Relative Demand for Unskilled and Skilled Labor |
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0.23 Output Basic 0.62 Skilled Share 0.67 Skilled Wage aggregate intermediate service aggregate luxury Aggregate Skilled Wage Basic Good 0.55 differentiated luxury E₂ Expenditure Share Luxury expenditure shift Firms Luxury Firms producing flexible labor market Indifference Curve Institut für Weltwirtschaft j-th variety Luxury Goods 0.24 minimum cost function Neutral Service Specific neutral technical change Number of Firms Output Luxury P₁ B₁ P₂ B₂ preference function price index Profit maximization reference scenario relative labor demand rigid labor market Schimmelpfennig 1998 Service per Variety Service Specific Specific SG preferences Share in Luxury skill groups skill-biased technical change skill-intensive skilled labor Skilled Neutral Service Skilled Share Basic Skilled Unskilled Skilled Skilled Wage Share skilled workers Specific Skilled Wage Specific Specific Skilled technical change leads Technology Shocks Unemployment Benefits unskilled labor Unskilled Skilled Neutral unskilled-specific technical change wage and employment Wage Share Basic Wage Share Luxury Wage Share Service