Capital-Skill Complimentarity and Wage Outcomes following Technical Change in a Global Model

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dc.contributor.authorTyers, Roden_US
dc.contributor.authorYang, Yongzhengen_US
dc.date.accessioned2002-05-02en_US
dc.date.accessioned2004-05-19T09:33:10Zen_US
dc.date.accessioned2011-01-05T08:25:58Z
dc.date.available2004-05-19T09:33:10Zen_US
dc.date.available2011-01-05T08:25:58Z
dc.date.created2000en_US
dc.date.issued2000en_US
dc.description.abstractWe estimate the extent of factor bias in technical changes consistent with observed changes in skill premia. To control for the effects of expanded trade on wages we use a structural model with multiple regions and comparative static analysis. Two alternative biased technical change stories emerge: skill enhancement when capital and skill are substitutes and capital enhancement when capital and skill are complements. These imply different underlying technical change processes and macroeconomic behaviour in response to technical change shocks. Capital enhancement offers the more credible process, however, and is consistent with observed rises in the “equipment content” of the capital stock.en_US
dc.format.extent126509 bytesen_US
dc.format.mimetypeapplication/pdfen_US
dc.identifier.urihttp://hdl.handle.net/1885/40499en_US
dc.identifier.urihttp://digitalcollections.anu.edu.au/handle/1885/40499
dc.language.isoen_AUen_US
dc.subjectcapital-skill complementarityen_US
dc.subjectglobal tradeen_US
dc.subjecttechnical changeen_US
dc.subjectlabour marketsen_US
dc.subjectwagesen_US
dc.titleCapital-Skill Complimentarity and Wage Outcomes following Technical Change in a Global Modelen_US
dc.typeWorking/Technical Paperen_US
local.citationWorking Paper in Economics and Econometrics No.386en_US
local.contributor.affiliationANUen_US
local.contributor.affiliationSchool of Economicsen_US
local.description.refereedyesen_US
local.identifier.citationmonthjunen_US
local.identifier.citationyear2000en_US
local.identifier.eprintid306en_US
local.rights.ispublishedyesen_US

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