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

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. …

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 …

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 …

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 …

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 …

Imported capital goods, which embody skill-complementary technologies, can increase the supply of skills in developing … countries. Focusing on China and using a shift-share design, we show that city-level capital goods import growth increases the … model with these two mechanisms to examine the aggregate effects of capital goods imports, accounting for trade and …

We use the elements of a macroeconomic production function - physical capital, human capital, labor, and technology … preferences, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial … development. It affects human capital through both religious and secular education. It affects population and labor by influencing …

various new distortions between private and optimal solution. First, a monopoly distortion effect generates too little capital … accumulation in the private solution because households' gross return per unit of capital will be lower than in the social optimum …