We study capital-skill complementarity in a multi-sector framework featuring firm-specific, multi-factor production functions and allowing for firm-specific factor-price wedges. We characterize the elasticity of the skill premium to the price of capital equipment in terms of firm-level...

Shows how the cumulative result of multiple big and small battles between state coercion and societal capital gave rise to postcommunism's variant political and economic institutions. - Publisher's Web site

The main driver of inequality--returns on capital that exceed the rate of economic growth--is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty`s findings in this ambitious, original, rigorous work will transform debate and set the agenda for the...

Kathrin Jurkats Studie befasst sich mit der Privatisierung der Wirtschaft während der postsozialistischen Transformation in Serbien. Im Zentrum der Untersuchung stehen Arbeiter und Arbeiterinnen zweier Betriebe in der vojvodinischen Stadt Zrenjanin. Die Autorin untersucht, wie diese den...