Replication data for: The Rise of the Service Economy
- Buera, Francisco J.
- Kaboski, Joseph P.
AbstractThis paper analyzes the role of specialized high-skilled labor in the disproportionate growth of the service sector. Empirically, the importance of skill-intensive services has risen during a period of increasing relative wages and quantities of high-skilled labor. We develop a theory in which demand shifts toward more skill- intensive output as productivity rises, increasing the importance of market services relative to home production. Consistent with the data, the theory predicts a rising level of skill, skill premium, and relative price of services that is linked to this skill premium. (JEL J24, L80, L90)
Is supplement to
DOI: 10.1257/aer.102.6.2540 (Text)
Buera, Francisco J., and Joseph P. Kaboski. American Economic Review, American Economic Review, 102, no. 6 (n.d.): 2540–69. https://doi.org/10.1257/aer.102.6.2540.
- ID: 10.1257/aer.102.6.2540 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11