Table 1.
Param. | Value | Source | Description |
---|---|---|---|
ρ | 0.2 | Herrendorf et al. (2013) | Cross-group substitution elasticity |
γ | 1 | Huo et al. (2020) | Final substitution elasticity |
ε | 0.5 | Boehm et al. (2019a) | Intermediate substitution elasticity |
ψ | 2 | Occupational Frisch elasticity | |
κ | 1 | Goos et al. (2014) | Cross-occupation elasticity |
αj | [.38,.69] | KLEMS, OECD STAN | Labor and capital shares |
ηj | [.33,.65] | KLEMS, OECD STAN | Intermediate input shares |
OECD ICIO | Final use trade shares | ||
OECD ICIO | Intermediate use trade shares | ||
BLS | Occupation shares by sector |
Notes: This table summarizes the parameters and data targets used in the baseline quantitative model, and their sources. For αj and ηj, the table reports the 10th and 90th percentiles of the range of these parameters. Alternative parameters are considered in the robustness analysis.