Long-run substitutability between more and less educated workers: Evidence from U.S. States 1950-1990

We estimate the aggregate long-run elasticity of substitution between more and less educatedworkers (the slope of the demand curve for more relative to less educated workers) at theUS state level. Our data come from the (five)1950-1990 decennial censuses. Our empiricalapproach allows for state and time fixed effects and relies on time and state dependentchild labor and compulsory school attendance laws as instruments for (endogenous) changesin the relative supply of more educated workers. We find the aggregate long-run elasticity ofsubstitution between more and less educated workers to be around 1.5.

Schooling supply and the structure of production: Evidence from US States 1950-1990

We find that over the period 1950-1990, US states absorbed increases in the supplyof schooling due to tighter compulsory schooling and child labor laws mostly throughwithin-industry increases in the schooling intensity of production. Shifts in the industrycomposition towards more schooling-intensive industries played a less important role.To try and understand this finding theoretically, we consider a free trade model withtwo goods/industries, two skill types, and many regions that produce a fixed rangeof differentiated varieties of the same goods. We find that a calibrated version ofthe model can account for shifts in schooling supply being mostly absorbed throughwithin-industry increases in the schooling intensity of production even if the elasticityof substitution between varieties is substantially higher than estimates in the literature.

Budjetti vuodelle 1937, 10 Pl XIV luku

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Budjetti vuodelle 1937, 10 Pl VI luku

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Budjetti vuodelle 1937, 13 Pl XIV luku

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Situación de los stocks de peces demersales en el otoño de 1990 : Crucero BIC SNP-l 9005-06 (19 de mayo - 08 de junio 1990) (Huarmey - Puerto Pizarro)

Analiza los resultados del crucero de evaluación de peces demersales con especial referencia a la merluza, para la plataforma continental comprendida entre la frontera con el Ecuador y 10º S, a profundidades entre 20 y 200 bz, totalizando 13542,27 millas náuticas cuadradas.