What is it about?
It shows that a proxy of innovations growth decreases returns to experience, i.e. decreases the additional wage workers earn by year of experience on a job.
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Why is it important?
It validates theoretical approaches that use an erosion effect of new technologies on the skills accumulation.
Perspectives
After the theoretical model in the Scandinavian Journal of Economics I was concerned with the empirical validation of the erosion effect. This paper makes that empirical validation.
Tiago N Sequeira
Universidade da Beira Interior
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This page is a summary of: On the effect of R&D in returns to experience, International Review of Applied Economics, January 2011, Taylor & Francis,
DOI: 10.1080/02692170903426120.
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