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capacity' of the labour market, and fuelled extensive empirical research in countries that attract migrants. In previous papers … wages and employment of native-born workers. While we have shown that the labour market impacts in terms of wages and … heterogeneity in study approaches. In the present paper, we take an encompassing approach and consider a broad range of labour …
Persistent link: https://www.econbiz.de/10010268868
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 …
Persistent link: https://www.econbiz.de/10010262521
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/10010269310
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 …
Persistent link: https://www.econbiz.de/10010269447
contrasted patterns in terms of capital deepening. …
Persistent link: https://www.econbiz.de/10010280664
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/10010276248
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 … suggest that when estimating separate factor demand models the bias of parameter estimates is most severe in case of labour …
Persistent link: https://www.econbiz.de/10010278762
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 … suggest that when estimating separate factor demand models the bias of parameter estimates is most severe in case of labour …
Persistent link: https://www.econbiz.de/10008765234
source of business cycles driven by self-fulfilling volatile expectations, i.e. sunspots. We also find that, in the presence …
Persistent link: https://www.econbiz.de/10010329030
resistance to the Nazi-fascist regime. Using variation in monthly sunspots activities affecting the sky-wave propagation of BBC …
Persistent link: https://www.econbiz.de/10011816516