Capital-skill complementarity and inequality: a sensitivity analysis

Arbeitspapier

In "Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis," Krusell et al. (2000) analyzed the capital-skill complementarity hypothesis as an explanation for the behavior of the U.S. skill premium. This paper shows that their model’s fit and the values of the estimated parameters are very sensitive to the data used: Alternative measures of the capital series predict skill premia that bear little resemblance to the data. We also include ten additional years of data to address the claim made by other authors that the evolution of the skill premium changed during the 1990s, but we find little evidence of this change.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 2005-20

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Bildungsertrag ; Fachkräfte ; Ungelernte Arbeitskräfte ; Relativer Preis ; Arbeitsangebot ; Technischer Fortschritt ; Kapital ; Produktionsfunktion ; Theorie ; USA

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Polgreen, Linnea ; Silos, Pedro
• Ereignis: Veröffentlichung
• (wer): Federal Reserve Bank of Atlanta
• (wo): Atlanta, GA
• (wann): 2005

Weitere Informationen

• Handle: http://hdl.handle.net/10419/100942
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ