PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover PDF Search Help Contact

Session8 Acemoglu.pdf

Preview of PDF document session8-acemoglu.pdf

Page 1 2 3 4 5 6

Text preview

Table 1 demonstrates the hypothesis that the past 60 years have been influenced by skill-biased
technological change due to following observations: the higher the demand for H, the higher
sigma, therefore the higher the substitution10 leading to higher employment, wage and demand for


Imperfect substitutes: 1 <  < ∞