NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Allocation of Talent and U.S. Economic Growth

Chang-Tai Hsieh, Erik Hurst, Charles I. Jones, Peter J. Klenow

NBER Working Paper No. 18693
Issued in January 2013
NBER Program(s):   EFG   LS

Over the last 50 years, there has been a remarkable convergence in the occupational distribution between white men, women, and blacks. We measure the macroeconomic consequences of this convergence through the prism of a Roy model of occupational choice in which women and blacks face frictions in the labor market and in the accumulation of human capital. The changing frictions implied by the observed occupational convergence account for 15 to 20 percent of growth in aggregate output per worker since 1960.

download in pdf format
   (581 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w18693

Users who downloaded this paper also downloaded these:
Jones w16742 Misallocation, Economic Growth, and Input-Output Economics
Heckman and Yi w18100 Human Capital, Economic Growth, and Inequality in China
Lavecchia, Liu, and Oreopoulos w20609 Behavioral Economics of Education: Progress and Possibilities
Gordon w18315 Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds
McFadden w18687 The New Science of Pleasure
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us