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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 …
Persistent link: https://www.econbiz.de/10013324750
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 …
Persistent link: https://www.econbiz.de/10013016276
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 …
Persistent link: https://www.econbiz.de/10012778505
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 …
Persistent link: https://www.econbiz.de/10012779733
particular, capital-skill complementarity represents a source of relative skill-bias while SETI provides an absolute skill …
Persistent link: https://www.econbiz.de/10013317026
' subjects determines later redistributive decisions among the 'heir' subjects. On average, redistribution is highest among the …
Persistent link: https://www.econbiz.de/10014083816
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda …. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the … national plebiscites, to study the link between other-regarding preferences and support for redistribution in a broad sample of …
Persistent link: https://www.econbiz.de/10014083850
preferences for redistribution. Exploiting the plausibly exogenous change in severity of the infection rate at the county level …, we show that, contrary to some theoretical expectations, the worse the crisis, the lower the support for redistribution …
Persistent link: https://www.econbiz.de/10014083947
The Brazilian government raises taxes amounting to 35% of GDP and spends more than two thirds of this on social programmes. These shares are in pair with the OECD averages and well in excess of Latin America averages. However, while tax-benefit systems in most OECD countries reduce income...
Persistent link: https://www.econbiz.de/10014058460
This paper holistically addresses the effective (relative) income tax contribution of a given in-come (or, wealth) group. The widely acclaimed standard in public policy is the absolute benefaction of a given income group in filling up the fiscal coffers. Instead, we focus on the ratio of the...
Persistent link: https://www.econbiz.de/10012948621