دانلود رایگان مقاله اثرات بازار کار تغییرات تکنولوژیکی مبتنی بر مهارت در مالزی

ABSTRACT

During the last half-century, the evolution of educational attainment in Malaysia has been spectacular, and the current enrollment rates suggest that this progression will continue. Such a transformation of the labor skill composition should bring about macroeconomic effects such as wage compression, sectoral shifts and high skill unemployment, unless compensatory mechanisms exist. Relying on decomposition techniques, we argue that skill biased technological change (SBTC) occurred in Malaysia in recent years, and permitted unemployment figures to remain low and skill premia not to sink. We also develop a dynamic general equilibrium model, simulating the absence of SBTC and limit the number of admissions to higher education. The results are fed to a microsimulation module. They show that the reduction in wage inequalities could have been substantially more important had SBTC not been present. Furthermore, they suggest that the open-door higher education policy has contributed heavily to a reduction in wage inequalities.

7. Conclusion

This article has looked at the labor market impacts of two alternative scenarios; a neutral technological change, and a rationing of places available in tertiary education. We develop a dynamic general equilibrium framework in which we extensively model educational choices both on the demand and the supply side, while taking into account immigration decisions. We are thus able to fully endogenize labor supply dynamics in the Malaysian context.