Replication data for: The Rise of the Service Economy

Principal Investigator(s): View help for Principal Investigator(s) Francisco J. Buera; Joseph P. Kaboski

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Project Citation:

Buera, Francisco J., and Kaboski, Joseph P. Replication data for: The Rise of the Service Economy. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112555V1

Project Description

Summary: This 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)

Scope of Project

JEL Classification:
      J24 Human Capital; Skills; Occupational Choice; Labor Productivity
      L80 Industry Studies: Services: General
      L90 Industry Studies: Transportation and Utilities: General

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Published Versions

V1 [2019-10-11]

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