This paper presents a new model of endogenous wage and capital dispersion where heterogeneity is driven by … extended to endogenise firms' optimal investment in job-specific capital and search efforts undertaken by both employed and …

This paper estimates the elasticity of substitution between capital and skill using variation across U.S. counties in … immigration-induced skill-mix changes between 1860 and 1930. We find that capital began as a q-complement for skilled and … parametric production function calibrated to our estimates imply the level of capital-skill complementarity after 1890 likely …

studies analyzing the relative capital-skill complementarity hypothesis formulated by GRILICHES (1969). According to this … hypothesis, the degree of substitutability between skilled labor and capital is lower than that for unskilled labor and capital …

Using U.S. manufacturing data, Griliches (1969) found evidence suggesting that capital equipment was more substitutable … for unskilled than skilled labor. Griliches formulated this finding as the capital-skill complementarity hypothesis. The … purpose of this study is to determine whether the capital-skill complementarity framework holds for Ghana manufacturing plants …

covers the period 1993-2005. The estimates indicate that it is advantageous to adjust the stock of labour and capital … simultaneously. The cost advantage of simultaneous changes is small for capital but is large for labour. The empirical results … demand. -- factor demand ; labour ; capital ; interrelation ; nonconvex adjustment costs …

Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a …, employment, and capital equations largely corroborate the implications of the behavioral models of the two types of enterprise … capitalist and co-op enterprises. -- worker-owned firms ; capitalist firms ; wages ; employment ; capital …

particular, capital-skill complementarity represents a source of relative skill-bias while SETI provides an absolute skill …

their levels of immigration. Because of complementarities between capital and labor, the return on capital is positively … related to the level of immigration. Consequently, when capital is immobile, host nations' optimal levels of immigration are … positively related to their capital endowments. Further, when capital is mobile between the two host nations, the common return …

shifts by (observable) changes in the capital stock under a capital-skill complementarity technology. The results show that … stock of capital, the KORV model predicts that the skill-premium will remain between -5% and +5% of its 1996 level. …

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 upon the definition of …. -- Capital-skill complementarity ; elasticity of substitution ; nonparametric kernel ; stochastic dominance …