Skilled labor, unskilled labor, and economic growth |
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| Authors: | Marcelo Mello |
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| Institution: | aFaculdades Ibmec/RJ, Economics Department, Av. Presidente Wilson, 118/1101, 20030-020, Rio de Janeiro, RJ, Brazil |
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| Abstract: | We study a growth model in which workers with different skill levels are imperfect substitutes. We show that economies with high substitutability between skilled and unskilled workers have high levels of capital, output, and a high proportion of skilled workers. |
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