Wages and Knowledge Transfer

19 Pages Posted: 15 Jul 2003 Last revised: 16 Aug 2013

Date Written: October 23, 2008

Abstract

With the advancement of medical sciences, knowledge transfer will become easier and cheaper. It may alter the way we traditionally think about relative wages. In this paper, we formalize this process with a labor model in which the cost of knowledge transfer and preferences over occupation are parameters. We find that in the extreme of zero cost of knowledge transfer, "high skill" occupations might be paid less than "low skill" occupations in equilibrium.

Keywords: Wages, knowledge transfer, employment

JEL Classification: J3

Suggested Citation

Chincarini, Ludwig B. and Kim, Daehwan, Wages and Knowledge Transfer (October 23, 2008). Available at SSRN: https://ssrn.com/abstract=417062 or http://dx.doi.org/10.2139/ssrn.417062

Ludwig B. Chincarini (Contact Author)

University of San Francisco ( email )

2130 Fulton Street
San Francisco, CA 94117
United States

Daehwan Kim

Konkuk University ( email )

1 Hwayang-dong
Kwangjin-gu
Seoul, 143-701
Korea

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