by machines or software. Few have discussed the implications of the reverse: firms' ability to replace capital with … develop a simple real options model where permissive labor regulations allow firms to take advantage of capital …-labor substitutability by replacing 'rigid' capital with 'flexible' labor. The model highlights institutional, technological, and …

The capital-to-labor ratio has steadily risen in the U.S. and elsewhere during the post-WWII period. Since the 1970s … determinant such as the observed decline in the relative price of new capital goods, or the change in production technology … market augmented by a CES production function that allows firms to substitute between capital and labor at varying degrees …

by machines or software. Few have discussed the implications of the reverse: firms' ability to replace capital with … a simple real options model where permissive labor regulations allow firms to take advantage of capital …-labor substitutability by replacing ‘rigid' capital with ‘flexible' labor. The model highlights institutional, technological, and …

The extent to which natural capital can be substituted with manufactured or human capital in production is a key … degree of substitutability between natural capital and other forms of capital. We find that most available substitutability …, that suggests substitutability of natural capital with other forms of capital may be low to moderate …

information technology and the computer age, induced firms to shift away from labor and toward capital. The lower price of … influencing factor shares such as increasing profits, capital-augmenting technology growth, and the changing skill composition of …

We revisit the capital-skill complementarity hypothesis and examine whether and under what conditions this mechanism … Violante (2000) show that a model with capital-skill complementarity mechanism matches the data well and can account for the … modify the model to allow for a flexible technology structure and show that the degree of capital-skill complementarity is …

The elasticity of substitution between capital and labor features prominently in several areas of economic research …

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 …

by machines or software. Few have discussed the implications of the reverse: firms' ability to replace capital with … a simple real options model where permissive labor regulations allow firms to take advantage of capital …-labor substitutability by replacing 'rigid' capital with 'flexible' labor. The model highlights institutional, technological, and …