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The Speed of Technological Innovation and Returns to Experience

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Authors
박용준
Advisor
류근관
Major
사회과학대학 경제학부
Issue Date
2014-08
Publisher
서울대학교 대학원
Keywords
Returns to experienceR&D intensityTechnological InnovationEarnings equation
Description
학위논문 (석사)-- 서울대학교 대학원 : 경제학부, 2014. 8. 류근관.
Abstract
In this paper, we see that a worker in high-tech industry gets relatively less returns to tenure than those in low-tech industry. Using an earnings equation and classifying industries by their R&D intensity, I calculate returns to tenure and compare them by groups. The result using pooled OLS clearly shows negative impact of interaction between tenure accumulation and the speed of technological advances on wages. On the other hand, with IV-GLS, most coefficients of the tenure related variables are not statistically insignificant and require us further discussion. Many related studies have focuses on either the source of experience profile of wages or the impact of technological innovation on wages but not ones combining the two together. Therefore, although there are a couple of limitations, I believe my paper can have contribution to the labor literature that examines the roles of technological innovation on wages.
Language
English
URI
http://hdl.handle.net/10371/134637
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College of Social Sciences (사회과학대학)Dept. of Economics (경제학부)Theses (Master's Degree_경제학부)
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