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https://hdl.handle.net/10419/21172
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Frondel, Manuel | en |
dc.contributor.author | Schmidt, Christoph M. | en |
dc.date.accessioned | 2009-01-28T16:20:04Z | - |
dc.date.available | 2009-01-28T16:20:04Z | - |
dc.date.issued | 2001 | - |
dc.identifier.uri | http://hdl.handle.net/10419/21172 | - |
dc.description.abstract | Any serious empirical study of factor substitutability has to allow the data to displaycomplementarity as well as substitutability. The standard approach reflecting this idea is atranslog specification – this is also the approach used by numerous studies analyzing therelative capital-skill complementarity hypothesis formulated by GRILICHES (1969).According to this hypothesis, the degree of substitutability between skilled labor and capitalis lower than that for unskilled labor and capital. Yet, the results of empirical studiesinvestigating this hypothesis are controversial. This paper offers a straightforwardexplanation: Using a translog approach reduces the issue of factor substitutability orcomplementarity to a question of cost shares. Our review of translog studies mentioned inHAMERMESH?s (1993) summary on the demand for heterogeneous labor demonstrates thatthis argument is empirically relevant – all these studies can be reconciled with each other onthe basis of the cost-share argument. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x316 | en |
dc.subject.jel | D2 | en |
dc.subject.jel | C3 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Substitutability | en |
dc.subject.keyword | Translog Cost Function | en |
dc.subject.stw | Faktorsubstitution | en |
dc.subject.stw | Substitutionselastizität | en |
dc.subject.stw | Kapital | en |
dc.subject.stw | Facharbeiter | en |
dc.subject.stw | Kostenfunktion | en |
dc.subject.stw | Kostenstruktur | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | Welt | en |
dc.subject.stw | Translog Modell | en |
dc.subject.stw | cost shares | en |
dc.title | Rejecting Capital-Skill Complementarity at all Costs | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 843950625 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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