SEMINAR: Economics Research Seminar
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| Economics Research Seminar : Accounting for Skill Premium Patterns - Evidence from the EU Accession |
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In this article we decompose the joint and individual contributions of tariff reductions, productivity changes and capital deepening to account for the skill premium patterns of the transition economies that joined the European Union (EU) in 2004. To conduct our
analysis, we construct an applied general equilibrium model with skilled and unskilled labor, and combining Social Accounting Matrices, Household Budget Surveys and the EU KLEMS Growth and Productivity Accounts database, we calibrate it to match Hungarian data, a transition economy where the skill premium consistently increased between 1995 and 2005. We find that capital deepening coupled with capital-skill complementarity is the main force behind the rise in the skill premium.
| Speaker(s) |
Dr Sang-Wook Stanley Cho - University of New South Wales
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| Location |
BUSN101 Don Voelte and Nancy Keegan Case Study Room
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| Contact |
Anna Wiechecki
<[email protected]>
: 6488 2924
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| Start |
Fri, 24 Apr 2015 12:00
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| End |
Fri, 24 Apr 2015 13:15
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| Submitted by |
Anna Wiechecki <[email protected]>
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| Last Updated |
Tue, 21 Apr 2015 08:48
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