TY  - JOUR
AU  - Hsieh, Chang-Tai
AU  - Hurst, Erik
AU  - Jones, Charles I
AU  - Klenow, Peter J
TI  - The Allocation of Talent and U.S. Economic Growth
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 18693
PY  - 2013
Y2  - January 2013
DO  - 10.3386/w18693
UR  - http://www.nber.org/papers/w18693
L1  - http://www.nber.org/papers/w18693.pdf
N1  - Author contact info:
Chang-Tai Hsieh
Booth School of Business
University of Chicago
5807 S Woodlawn Ave
Chicago, IL 60637
Tel: 773/8340590
Fax: 484-589-3583
E-Mail: chsieh@chicagoBooth.edu

Erik Hurst
Booth School of Business
University of Chicago
Harper Center
Chicago, IL  60637
Tel: 773/834-4073
Fax: 773/702-0458
E-Mail: erik.hurst@chicagobooth.edu

Charles I. Jones
Graduate School of Business
Stanford University
655 Knight Way
Stanford, CA 94305-4800
Tel: 650/725-9265
Fax: 650/725-0468
E-Mail: chad.jones@stanford.edu

Peter J. Klenow
Department of Economics
579 Jane Stanford Way
Stanford University
Stanford, CA  94305-6072
Tel: 650/725-8169
Fax: NA
E-Mail: Klenow@Stanford.edu
AB  - Over the last 50 years, there has been a remarkable convergence in the occupational distribution between white men, women, and blacks. We measure the macroeconomic consequences of this convergence through the prism of a Roy model of occupational choice in which women and blacks face frictions in the labor market and in the accumulation of human capital. The changing frictions implied by the observed occupational convergence account for 15 to 20 percent of growth in aggregate output per worker since 1960.
ER  -