TY - JOUR
T1 - The race between the snail and the tortoise
T2 - skill premium and early industrialization in Italy (1861–1913)
AU - Federico, Giovanni
AU - Nuvolari, Alessandro
AU - Ridolfi, Leonardo
AU - Vasta, Michelangelo
PY - 2019
Y1 - 2019
N2 - In this paper, we estimate series of the skill premium for Italy during the early stages of the industrialization with a refined version of the regression approach originally introduced by Clark (J Polit Econ 113(6):1307–1340, 2005). We compute series for the whole country as well as separate series for macro-regions and for construction and manufacturing, and, within manufacturing, we estimate high and low skill premia for blue collars. We interpret the results with an extended version of the classic Katz and Autor (in: Ashenfelter, Card (eds) Handbook of labor economics, Elsevier, Dordrecht, pp 1463–1555, 1999) framework. The overall premium remained stable until the 1890s and then declined for the joint effect of migrations (almost exclusively of unskilled workers) and the rise in literacy, which was not compensated by the modest increase in industrial employment.
AB - In this paper, we estimate series of the skill premium for Italy during the early stages of the industrialization with a refined version of the regression approach originally introduced by Clark (J Polit Econ 113(6):1307–1340, 2005). We compute series for the whole country as well as separate series for macro-regions and for construction and manufacturing, and, within manufacturing, we estimate high and low skill premia for blue collars. We interpret the results with an extended version of the classic Katz and Autor (in: Ashenfelter, Card (eds) Handbook of labor economics, Elsevier, Dordrecht, pp 1463–1555, 1999) framework. The overall premium remained stable until the 1890s and then declined for the joint effect of migrations (almost exclusively of unskilled workers) and the rise in literacy, which was not compensated by the modest increase in industrial employment.
KW - Human capital
KW - Inequality
KW - Labour markets
KW - Skill premium
KW - Technological progress
KW - Wages
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U2 - 10.1007/s11698-019-00200-2
DO - 10.1007/s11698-019-00200-2
M3 - Article
AN - SCOPUS:85077159175
JO - Cliometrica
JF - Cliometrica
SN - 1863-2505
ER -