The skilled worker premium and labor's share of income: Recent trends in U.S. manufacturing A well-established literature documents the role of outsourcing and technological change in explaining the growing skills premium in the U.S. economy from the 1970s through the late 1990s. In the 198...

"The skilled worker premium and labor's share of income: Recent trends in U.S. manufacturing," by Norman Sedgley of Loyola University Maryland and Bruce Elmslie of University of New Hampshire.
#SkillPremium #Outsourcing #MarketConcentration

These findings highlight the long-run impact of geography on labour markets, even before industrialization. Lower wage inequality in Northwestern Europe may have set the stage for its early economic takeoff! 🌍💰 #SkillPremium

📢 New paper alert! "The determinants of the skill premium in late medieval and early modern Europe, 1400-1800" by @BrioschiA (@QUBelfast and @ceph_ie) & Mattia Fochesato (@Unibocconi and @DondenaCentre) is now available for early view. Findings below! 🧵⬇️ #EconHistory #SkillPremium

Capital&Labour-substitutes or complements?In the end it's an empirical question #technologicalchange #skillpremium @DaliaMarin @Bruegel_org