The Race Between Technology and Human Capital

Nancy L Stokey
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Nancy L Stokey: Department of Economics

No 1113, 2014 Meeting Papers from Society for Economic Dynamics

Abstract: Technology and human capital are complements in production, so the labor market produces assortative matching between firms and workers: firms with higher productivity employ higher quality workers and pay higher wages. Thus, wage differentials across firms have two sources: differences in firm productivity and differences in labor quality.

Date: 2014
New Economics Papers: this item is included in nep-dge, nep-gro and nep-hrm
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed014:1113

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