The Rise of the Service Economy

American Economic Review - Tập 102 Số 6 - Trang 2540-2569 - 2012
Francisco Buera1, Joseph P. Kaboski2
1Research Department, Federal Reserve Bank of Minneapolis, NBER, and UCLA, 8283 Bunche Hall, Mail Stop 147703, Los Angeles, CA 90095.
2University of Notre Dame, 717 Flanner Hall, Notre Dame, IN 46556, and NBER.

Tóm tắt

This paper analyzes the role of specialized high-skilled labor in the disproportionate growth of the service sector. Empirically, the importance of skill-intensive services has risen during a period of increasing relative wages and quantities of high-skilled labor. We develop a theory in which demand shifts toward more skill-intensive output as productivity rises, increasing the importance of market services relative to home production. Consistent with the data, the theory predicts a rising level of skill, skill premium, and relative price of services that is linked to this skill premium. (JEL J24, L80, L90)

Từ khóa


Tài liệu tham khảo

10.1086/589523

Baumol W., 1967, American Economic Review, 57, 415

10.1086/524715

10.1086/261796

10.1111/hdi.1997.1.1.1

10.1162/JEEA.2009.7.2-3.469

10.1016/j.jet.2010.11.007

Buera Francisco J, 2012, American Economic Review. http://dx.doi.org/10.1257/aer., 102, 2540, 10.1257/aer.102.6.2540

10.1086/321015

10.1007/s10887-007-9011-5

10.1017/S0022050700014467

10.1016/j.jmoneco.2008.09.001

10.1016/j.red.2004.05.003

10.1111/0034-6527.00326

10.1016/S0167-2231(97)00004-3

10.1162/qjec.122.1.39

10.1086/261881

10.1016/j.red.2008.07.003

10.1093/oxfordjournals.oep.a041171

10.2307/2118323

10.1111/1467-937X.00193

10.1016/j.red.2009.12.001

10.1086/449740

10.1111/j.1468-0262.2006.00648.x

10.1086/261715

Maddison Angus, 1987, Journal of Economic Literature, 25, 649

10.1111/1467-937X.00152

10.1086/341873

10.2307/2937810

10.1257/aer.97.1.429

10.1016/j.red.2007.07.002

Princiotta Daniel, 2006, US Department of Education Institute of Education Sciences Report, 2006

10.1086/588029

10.1023/A:1009889321237

Thông tin
Thông tin xuất bản

American Economic Review

Tập 102 Số 6

2540-2569

Thông tin tác giả