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Inflation, technological-knowledge bias, and wages

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  • Afonso, Oscar

Abstract

A detailed examination of wage data points to a wage polarization trend vis-à-vis the distribution of qualifications. Theoretically terms, this points to the need for modeling focused on the relevance of the direction of technological knowledge. To this end, we branched production into routine and non-routine tasks. In this way, the results produced positive relationships between the relative supply of skilled workers and the skill premium and between automation and wage polarization.

Suggested Citation

  • Afonso, Oscar, 2023. "Inflation, technological-knowledge bias, and wages," Research in Economics, Elsevier, vol. 77(1), pages 91-103.
    • Handle: RePEc:eee:reecon:v:77:y:2023:i:1:p:91-103
    DOI: 10.1016/j.rie.2023.01.008
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    More about this item

    Keywords

    Directed technical change; Automation; Economic growth; Skill premium; Wage polarization;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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