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 …

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 …

parents' siblings and cousins, their spouses, and the spouses' siblings. Using various human capital measures, we show that …

This paper studies second-best policies in an OLG model in which endogenous growth results from human capital … second best not to distort education if the human capital investment function is isoelastic. If the function is not …

This paper investigates whether and to what extent demographic change has an impact on human capital accumulation. The …, which constitute an important channel through which demographic change may affect human capital accumulation. Our findings … suggest that the variables measuring demographic change exert a considerable though heterogeneous impact on the human capital …

benefits in these two domains are sequenced (ST). When levels of human capital are uniformly low at the outbreak, DT is …

member states from 1998 to 2007. We find that (a) the marginal impact of ICT capital is higher when it is complemented with … intangible capital, and (b) non-R&D intangible capital has a higher estimated output elasticity than its conventionally …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …