caa a22 4500 397544928 CHVBK 20180308164736.0 cr unu---uuuuu 161202e199601 xx s 000 0 eng 10.2307/2298118 doi (NATIONALLICENCE)oxford-10.2307/2298118 Eicher Theo S. University of Washington Interaction Between Endogenous Human Capital and Technological Change [Elektronische Daten] [Theo S. Eicher] This paper examines how interaction between endogenous human capital accumulation and technological change affects relative wages and economic growth. Private incentives to invest in human capital finance the employment of skilled labour in the education sector, while non-rival technology is a by-product of the education process. The absorption of new technologies into production is skill intensive, creates skill-biased labour demand, and increases the relative wage of skilled to unskilled labour. In contrast to recent models of endogenous growth, higher rates of technological change and growth may be accompanied by a higher relative wage but lower relative supply of skilled labour. Thus the model provides a theoretical foundation for the empirically observed relation between technological change and relative demand, supply and wages of skilled labour. © 1996 The Review of Economic Studies Limited The Review of Economic Studies Wiley-Blackwell 63/1(1996-01), 127-144 0034-6527 63:1<127 1996 63 restud https://doi.org/10.2307/2298118 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.2307/2298118 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Eicher Theo S. University of Washington NATIONALLICENCE 773 0- The Review of Economic Studies Wiley-Blackwell 63/1(1996-01), 127-144 0034-6527 63:1<127 1996 63 restud Metadata rights reserved CC BY-NC-4.0 http://creativecommons.org/licenses/by-nc/4.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-oxford