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@article{ Dupuy2008,
title = {Will the skill-premium in the Netherlands rise in the next decades},
author = {Dupuy, Arnaud},
journal = {Applied Economics},
number = {21},
pages = {2723-2731},
volume = {39},
year = {2008},
doi = {https://doi.org/10.1080/00036840600749441},
urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-240032},
abstract = {While the skill-premium has been rising sharply in the US and the UK for 20 years, the Dutch skill-premium decreased for much of that period and only started to rise in the early 90s. In this paper, we investigate whether the Dutch skill-premium will rise in the next decades. To answer this question, we forecasts the skill-premium using the Katz and Murphy (1992) and the Krusell et al. (2000) models. The Katz and Murphy model (KM) explains demand shifts by skill-biased technological change in unobservable variables captured by a time trend. In contrast, the Krusell et al. model (KORV) explains demand shifts by (observable) changes in the capital stock under a capital-skill complementarity technology. The results show that while the KM model predicts that the skill-premium will have increased by 30% in 2020, based on realistic predictions of the stock of capital, the KORV model predicts that the skill-premium will remain between -5% and +5% of its 1996 level.},
}