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 …

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 …. -- Capital-skill complementarity ; elasticity of substitution ; nonparametric kernel ; stochastic dominance …

total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect … substitutes. In this paper we test this assumption by estimating a nested-CES production function whereas the two types of capital … private capital stocks for 151 countries over a period of 1960-2014 consistent with Penn World Table version 9. We find …

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 …

Different types of labor and capital inputs have varying productive contributions that are dependent on plant … capital components that reflect their substitutability or complementarity, for Turkish manufacturing plants. We distinguish … technical and non-technical labor, and structures, machinery and computer capital, as well as the shares of female workers and …