Dissertation/Thesis Abstract

Education, technology and skill premium: A dynamic general equilibrium analysis
by Pai, Anusha, M.Sc., Singapore Management University (Singapore), 2007, 51; 1483223
Abstract (Summary)

Education, Technology and Skill Premium: a Dynamic General Equilibrium Analysis is a two fold attempt to capture skill premium dynamics. First, it examines results across a cross section of model economies at different stages of economic development. It equates these model economies to real economies and compares skill premium results with the measure of income inequality. Second, it makes a valiant attempt to capture the non linear dynamics present in the US skill premium across 20th century, not captured so far in any dynamic general equilibrium model. Though the simplistic nature of the model leaves out many fine trends, the long run dynamics are well captured. The last section of the paper simulates the effect of introducing wage subsidies, on skill premium. In a setting where skill acquisition and wage earning are rival goods, it shows that a declining wage subsidy policy creates the optimal result of a sharp fall in skill premium along with a rise in the supply of educated workers. The paper serves as a base for further study, when the economy is opened to the forces of globalization.

Indexing (document details)
Advisor: Hoon, Hian Teck
Commitee:
School: Singapore Management University (Singapore)
Department: School of Economics
School Location: Republic of Singapore
Source: MAI 49/03M, Masters Abstracts International
Source Type: DISSERTATION
Subjects: Labor economics, Vocational education
Keywords: Economic development, Equilibrium model, Labour supply, Skill acquisition, Skill premium, Wage subsidies
Publication Number: 1483223
ISBN: 9781124352183
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