The Rise of the Service Economy

被引:282
作者
Buera, Francisco J. [1 ,2 ]
Kaboski, Joseph P. [3 ,4 ]
机构
[1] NBER, Fed Reserve Bank Minneapolis, Res Dept, Los Angeles, CA 90095 USA
[2] Univ Calif Los Angeles, Los Angeles, CA 90095 USA
[3] Univ Notre Dame, Notre Dame, IN 46556 USA
[4] NBER, Cambridge, MA 02138 USA
关键词
STRUCTURAL-CHANGE; GROWTH; MACROECONOMICS; TRANSFORMATION; INEQUALITY; FACTS;
D O I
10.1257/aer.102.6.2540
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyzes the role of specialized high-skilled labor in the disproportionate growth of the service sector. Empirically, the importance of skill-intensive services has risen during a period of increasing relative wages and quantities of high-skilled labor. We develop a theory in which demand shifts toward more skill-intensive output as productivity rises, increasing the importance of market services relative to home production. Consistent with the data, the theory predicts a rising level of skill, skill premium, and relative price of services that is linked to this skill premium. (JEL J24, L80, L90)
引用
收藏
页码:2540 / 2569
页数:30
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