題目：Human Capital, Industrial Dynamics and Skill Premium
演講人：Yong Wang, Associate Professor, Institute of New Structural Economics, PKU
時間：2019年 10 月 9 日（周三） 14:30-16:00
Motivated by several stylized facts about skill premium and industrial dynamics, we develop an endogenous growth model with infinite industries that are heterogeneous in both capital intensities and skill intensities. Closed-form solutions are obtained to fully characterize the endogenous dynamic changes of factor endowment structure, industrial composition, life-cycle pattern of each industry and the skill premium along the growth path. We highlight that optimal human capital investment should be synchronized with physical capital investment and that skill premium can be better understood in the context of industrial upgrading, which has been largely ignored in the existing pertinent macro literature.
Professor Yong Wang isAcademic Deputy Dean of the Institute of New Structural Economics at Peking University. His research fields are Economic Growth, Macroeconomics, Political Economy, China and India Economies. He publishes academic papers on Journal of Development Economics, Journal of Monetary Economics, etc. andserves as a co-editor for China and the World Economy (SSCI). He is the author ofseveral books including "Thinking and Debates on New Structural Economics" and " Industrial Policies:Summary, Reflection and Prospect"(Peking University Press). He won the Inaugural Zhang Peigang Young Economist Award in Development Economics in 2018. Yong obtained PhD in Economics from University of Chicago.