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DEPARTMENT OF ECONOMICS WORKING PAPER SERIES Analyzing Skilled and Unskilled Labor Efficiencies in US

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Figure

FIGURE 1. Relative Supply of Skills vs. Skill Premium
FIGURE 2. Time Series Graphs of ln A s and ln A u
TABLE 1. The Average Annual Growth Rates of A s and A u in US (%) g A s g A u Period σ = 1.4 σ = 1.7 σ = 2.0 σ = 1.4 σ = 1.7 σ = 2.0 1950-2005 7.5 5.2 4.2 -1.7 -0.0 0.2 1950-1973 9.1 6.5 5.3 0.4 1.6 1.6 1973-2005 6.4 4.2 3.4 -3.1 -1.4 -0.8
TABLE 2. The Average Annual Growth Rates of A s and A u in US (%) g A s g A s Period σ = 1.4 σ = 1.7 σ = 2.0 σ = 1.4 σ = 1.7 σ = 2.0 1950-2005 8.2 5.6 4.5 -0.7 0.2 0.6 1950-1973 9.7 6.9 5.7 0.9 1.6 1.8 1973-2005 6.9 4.6 3.7 -1.9 -0.7 -0.2
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