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The human side of structural transformation
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Porzio, Tommaso, Rossi, Federico and Santangelo, Gabriella (2022) The human side of structural transformation. American Economic Review, 112 (8). pp. 2774-2814. doi:10.1257/aer.20201157 ISSN 0002-8282.
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Official URL: https://doi.org/10.1257/aer.20201157
Abstract
We document that nearly half of the global decline in agricultural employment was driven by new cohorts entering the labor market. A new dataset of policy reforms supports an interpretation of these cohort effects as human capital. Using a model of frictional labor reallocation, we conclude that human capital growth led to a sharp decline in the agricultural labor supply, accounting, at fixed prices, for 40 percent of the decrease in agricultural employment. This aggregate effect is halved in general equilibrium and it reflects the role of human capital as both a mediating factor and an independent driver of labor reallocation. (JEL J22, J24, J43, L16, O13, O14, Q10)
Item Type: | Journal Article | ||||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||
Divisions: | Faculty of Social Sciences > Economics | ||||||
SWORD Depositor: | Library Publications Router | ||||||
Library of Congress Subject Headings (LCSH): | Human capital, Agriculture -- Economic aspects, Labor market, Vocational guidance, Occupational mobility | ||||||
Journal or Publication Title: | American Economic Review | ||||||
Publisher: | American Economic Association | ||||||
ISSN: | 0002-8282 | ||||||
Official Date: | 1 August 2022 | ||||||
Dates: |
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Volume: | 112 | ||||||
Number: | 8 | ||||||
Page Range: | pp. 2774-2814 | ||||||
DOI: | 10.1257/aer.20201157 | ||||||
Status: | Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Reuse Statement (publisher, data, author rights): | "Copyright © 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020,2021,2022 by the American Economic Association. Permission to make digital or hard copies of part or all of American Economic Association publications for personal or classroom use is granted without fee provided that copies are not distributed for profit or direct commercial advantage and that copies show this notice on the first page or initial screen of a display along with the full citation, including the name of the author. Copyrights for components of this work owned by others than AEA must be honored. Abstracting with credit is permitted. The author has the right to republish, post on servers, redistribute to lists and use any component of this work in other works. For others to do so requires prior specific permission and/or a fee. Permissions may be requested from the American Economic Association Administrative Office by going to the Contact Us form and choosing Copyright/Permissions Request from the menu. " | ||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||
Date of first compliant deposit: | 18 October 2022 | ||||||
Date of first compliant Open Access: | 18 October 2022 |
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