Author(s)

Haiping Yuan

Corresponding Author

Haiping Yuan

ABSTRACT

In the current turbulent trend of social innovation and rapid technological progress, the research on human capital investment is becoming more and more important. This paper attempts to answer these questions by analyzing the relationship between skill biased technological progress and human capital investment, that is, why do high skilled workers get higher wages? How does skill biased technological progress affect wage disparity, and how does it affect human capital investment through wage disparity? Will human capital investment affect the wage disparity? How does human capital investment affect skill biased technological progress?

KEYWORDS

Skill Biased Technological Progress, Wage Disparity, Human Capital Investment, CES Production Function