Inter-Industry Wage Differential and Specific Human Capital

Tang, Kam Ki and Tseng, Yi-Ping (2001) Inter-Industry Wage Differential and Specific Human Capital. Discussion Paper No. 287, School of Economics, The University of Queensland.

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Author Tang, Kam Ki
Tseng, Yi-Ping
Title Inter-Industry Wage Differential and Specific Human Capital
School, Department or Centre School of Economics
Institution The University of Queensland
Open Access Status Other
Report Number Discussion Paper No. 287
Publication date 2001-04-01
Language eng
Subject 340207 Labour Economics
Abstract/Summary A dynamic general equilibrium model with industry-specific human capital is developed to account for inter-industry wage differential and imperfect labour mobility. It is demonstrated that more human capital-intensive industries are more likely to pay higher wages, conditional on inter-industry differences in human capital depreciation rate and learning cost. In the light of internationally transferable technology, the model can also account for two empirical regularities, namely cross-occupation and cross-country correlation of inter-industry wage differential.
Keyword human capital
wage differential
dynamic general equilibrium

Document type: Department Technical Report
Collection: Discussion Papers (School of Economics)
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Created: Tue, 08 Jun 2004, 10:00:00 EST by Kam Ki Tang on behalf of Library Corporate Services