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Introduction and preliminaries -- Skilled and unskilled labor -- Natural and reproducible capital -- Capital and labor -- An endogenous technology framework -- Skilled labor, unskilled labor, and experience over time -- Skills and capital over time and across countries -- Conclusions
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favors experienced workers.In order to interpret and understand these findings, Caselli presents a theory of technology … choice. In this theory, firms pick technologies that make the most efficient use of the most abundant production factors when …
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