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Acemoglu, Daron; Autor, David – National Bureau of Economic Research, 2010
A central organizing framework of the voluminous recent literature studying changes in the returns to skills and the evolution of earnings inequality is what we refer to as the canonical model, which elegantly and powerfully operationalizes the supply and demand for skills by assuming two distinct skill groups that perform two different and…
Descriptors: Employment, Salary Wage Differentials, Skills, Supply and Demand