Discovery Early Career Researcher Award - Grant ID: DE190100800
Funder
Australian Research Council
Funding Amount
$371,000.00
Summary
Technological change: impacts on labour, capital and policy. This project aims to investigate how technological progress, its dissemination and heterogeneous adoption, shapes our economy and affects individual wellbeing. New technologies often complement certain workers, tasks or sectoral activities. This project will focus on the complementarities associated with a range of skills and age or experience of workers, and will model the dynamics and heterogeneous effects of technological changes. T ....Technological change: impacts on labour, capital and policy. This project aims to investigate how technological progress, its dissemination and heterogeneous adoption, shapes our economy and affects individual wellbeing. New technologies often complement certain workers, tasks or sectoral activities. This project will focus on the complementarities associated with a range of skills and age or experience of workers, and will model the dynamics and heterogeneous effects of technological changes. The proposed novel framework will incorporate multiple dimensions of skill and capital. Combining this framework with more than 50 years of data, the project will analyse the effects of technological change on wage structure and earnings distribution, individual decisions about time allocation and retirement.Read moreRead less
Skills, productivity, and wages: Theory and evidence . This project aims to build a macroeconomic model to help understand the implications of heterogeneity in workers skills for wages and productivity.
The research significance of this project is in its treatment of worker skills as an indivisible bundle. This bundling of skills gives rise to the possibility that a given skill is priced differently in different occupations which in turn has implications for firms' incentives to invest in tech ....Skills, productivity, and wages: Theory and evidence . This project aims to build a macroeconomic model to help understand the implications of heterogeneity in workers skills for wages and productivity.
The research significance of this project is in its treatment of worker skills as an indivisible bundle. This bundling of skills gives rise to the possibility that a given skill is priced differently in different occupations which in turn has implications for firms' incentives to invest in technology and training and workers' incentives to invest in education.
This project uses state of the art economic theory and empirical methods and expects to provide a new and better understanding of the sources of wage growth that helps guide national policy formation in innovation and training.
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