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This paper analyses the skill supply consequences of skill biased technological change. In a simple microeconomic model it is shown that higher skill wage mark-ups as well as higher relative unskilled unemployment - frequently attributed to skill biased technological change - induce overqualification. Therefore over-qualification is an equilibrium mechanism when skill rents increase.

jahrbücher für nationalökonomie und statistik

Supply of Human Capital in Times of Skill Biased Technological Change / Die Reaktion des Humankapitalangebots auf qualifikationsverzerrten technischen Fortschritt