Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/300865 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
Working Paper Series No. 72
Publisher: 
University of Waterloo, Canadian Labour Economics Forum (CLEF), Waterloo
Abstract: 
This paper establishes that the rise in employer-provided training due to technological change has dampened the college wage premium. Using unique survey micro-data, I show that hightechnology firms provide more training overall, but the gap in training participation between high- and low-skill workers is smaller within these firms. To understand the aggregate implications of these patterns, I build a quantitative model of the labor market with endogenous technology and training investments. In a counterfactual exercise, I find that the increase in the college wage premium would be 63 percent greater if training costs remained constant between 1980 and the early 2000s.
Subjects: 
Training
Technological Change
College Wage Premium
Education
Technology
JEL: 
E24
I24
J24
J31
M53
O33
Document Type: 
Working Paper

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