Capital-Skill Complementarity: Does capital disaggregation matter?

Juan Correa, Miguel Lorca and Francisco Parro

MPRA Paper from University Library of Munich, Germany

Abstract: Using Chilean manufacturing plants data, we�find: (1) the elasticity of substitution between capital and skilled labor is lower than the elasticity of substitution between capital and unskilled labor, and (2) the higher the technological component of the capital stock the larger the size of complementarity between capital and skilled labor. Our�findings show that capital, as an aggregate input, may under(over) state the complementarity between labor and the type of capital these workers actually use.

Keywords: capital-skill complementarity; technological capital; translog function (search for similar items in EconPapers)
JEL-codes: D24 J24 L60 (search for similar items in EconPapers)
Date: 2014-03
New Economics Papers: this item is included in nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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