Capital-Skill Complementarity: Does Capital Composition Matter?

被引：9

作者：

Correa, Juan A. ^{[1
]}

Lorca, Miguel ^{[2
]}

Parro, Francisco ^{[3
]}

机构：

[1] Univ Andres Bello, Santiago 7591538, Chile

[2] Univ New South Wales, Sydney, NSW 2052, Australia

[3] Univ Adolfo Ibanez, Santiago 7941169, Chile

来源：

SCANDINAVIAN JOURNAL OF ECONOMICS | 2019年 / 121卷 / 01期

关键词：

Skill wage premium; technological capital; translog function; PRODUCTIVITY; LABOR; LIBERALIZATION; INEQUALITY; INNOVATION; MODEL; EXIT;

D O I：

10.1111/sjoe.12267

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We estimate the effect of capital composition on the size of capital-skill complementarity and the skill wage premium. Disaggregating the capital stock into different types according to technological content, we find that: capital is more of a q-complement to skilled labor than to unskilled labor; the higher the technological component of capital, the larger the size of the relative q-complementarity between capital and skilled labor; and replacing non-technological with technological capital might increase the skill wage premium by about 9 percent. Our results highlight that changes in capital composition matter for understanding changes in the skill wage premium.

引用

页码：89 / 116

页数：28

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