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Equipment Investment and the Relative Demand for Skilled Labor: International Evidence Author info | Abstract | Publisher info | Download info | Related research | Statistics Karnit Flug
Zvi Hercowitz
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This paper estimates the effects of equipment investment on relative wages and employment of skilled labor and explores their dynamics. The basic hypothesis is that they are positive, due to either equipment-skill complementarity or to skill advantage in technology adoption. Using a panel data set with a wide rage of countries, the relative wage and relative employment of skilled workers are regressed on lagged investment in machinery and other relevant variables. The results indicate a strong, positive effect of machinery investment on the relative demand for skilled labor.
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Paper provided by Inter-American Development Bank, Research Department in its series RES Working Papers with number
4042.
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Date of creation: Dec 1996Date of revision:
Handle: RePEc:idb:wpaper:4042Contact details of provider: Postal: 1300 New York Avenue, NW, Washington, DC 20577 Phone: 202-623-1000 Email: Web page: http://www.iadb.org/res More information through EDIRC
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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