Capital-Skill Complementarity and the Skill Premium in a Quantitative Model of Trade
نویسندگان
چکیده
منابع مشابه
Can capital-skill complementarity explain the rising skill premium in developing countries? Evidence from Peru
The factors behind the increase in the relative wages of skilled workers in developing countries are still not well understood. The authors use data from Peru to analyze the determinants of withinindustry share of skilled workers. They use a translog cost function for gross output and are therefore able to incorporate the effects of materials, both domestic and imported, in addition to capital....
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Empirical studies report a marked dispersion in skill-premium changes across economies over the past few decades. Early studies successfully replicate the increases in skill premiums in many economies, while some other cases with a decline in the skill premium are yet to be explained. To this end, we develop a two-sector (i.e., manufacturing and nonmanufacturing) general equilibrium model with ...
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A Nonparametric Examination of Capital-Skill Complementarity This paper uses nonparametric kernel methods to construct observation-specific elasticities of substitution for a balanced panel of 73 developed and developing countries to examine the capital-skill complementarity hypothesis. The exercise shows some support for capital-skill complementarity, but the strength of the evidence depends u...
متن کاملRejecting Capital-Skill Complementarity at all Costs
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous studies analyzing the relative capital-skill complementarity hypothesis formulated by GRILICHES (1969). According to this hypothesis, the degree of ...
متن کاملCapital-Skill Complementarity and Rising Wage Inequality in the UK
The consensus in the literature investigating the causes of increased wage inequality in developed nations since 1980 is that skill-biased technical change is responsible for the widening of the wage distribution. A shortcoming in this literature is that technical change is commonly determined residually; that is, those changes in relative wages unexplained by other factors are attributed to ch...
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ژورنال
عنوان ژورنال: American Economic Journal: Macroeconomics
سال: 2013
ISSN: 1945-7707,1945-7715
DOI: 10.1257/mac.5.2.72