Investing financial capital is almost always risky, there is no safe investment, and any unplanned situation in the future, uncertainty or sudden events can mean risk. To assess risk and protect themselves from it, investors resort to probability distribution. From the above, the subject of the...

This paper estimates the effects of equipment investment on relative wages and employment of skilled labor and explores their dynamics. The basic hypothesis is that they are positive, due to either equipment-skill complementarity or to skill advantage in technology adoption. Using a panel data...