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Data for Skill-biased technological change and the business cycle
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Van Rens, Thijs and Balleer, Almut (2014) Data for Skill-biased technological change and the business cycle. [Dataset]
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Official URL: https://wrap.warwick.ac.uk/134732
Abstract
Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run zero and sign restrictions. Hours fall in response to skill-biased technology shocks, indicating that part of the technology-induced fall in hours is due to a compositional shift in labor demand. Investment-specific technology shocks reduce the skill premium, indicating that capital and skill are not complementary in aggregate production.
Item Type: | Dataset | ||||||
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Alternative Title: | Replication data for : Skill-Biased Technological Change and the Business Cycle | ||||||
Subjects: | H Social Sciences > HB Economic Theory | ||||||
Divisions: | Faculty of Social Sciences > Economics | ||||||
Type of Data: | Experimental data | ||||||
Library of Congress Subject Headings (LCSH): | Business cycles, Labor demand | ||||||
Publisher: | University of Warwick, Department of Economics | ||||||
Official Date: | 19 February 2014 | ||||||
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Status: | Not Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Media of Output (format): | .ado .csv .eps .gph .m .mat .txt | ||||||
Access rights to Published version: | Open Access (Creative Commons) | ||||||
Copyright Holders: | University of Warwick | ||||||
Description: | Data record consists of 80 data files in the following formats: .ado, .csv .eps .gph .m .mat .txt. These require the statistics and econometrics toolbox for matlab in order to run properly. The readme file describes the table figures relation to each data file, and how they should be run. |
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