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The Rise of Services: the Role of Skills, Scale, and Female Labor Supply / Francisco J. Buera, Joseph P. Kaboski, Min Qiang Zhao.
- Format:
- Book
- Author/Creator:
- Buera, Francisco J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w19372.
- NBER working paper series no. w19372
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Rise of Services
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2013.
- Summary:
- This paper quantifies the roles of increases in the demand for skill-intensive output, the efficient scale of service production, and female labor supply in the growth of services. We extend the Buera and Kaboski (2012a,b) model to a two-person household, incorporating a joint decision on home and market production, and allow for skill and sectoral biased technology progress. The rising scale of services, the rising demand for skill-intensive output, and skill-biased technical change all play dominant roles. Furthermore, the extended model explains the majority of the increase in female labor supply, which also plays a role in services growth.
- Notes:
- Print version record
- August 2013.
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