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Testing for R&D´rents in skilled workers´wages in the manufacturing industry of Colombia

Author

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  • Ivan Darío Hernández

Abstract

This paper examines if firm investments in research and experimental development (R&D) activities generate quasi-rents in the wages of skilled workers in the manufacturing industries of Colombia. It will test the hypothesis that variations in wages of skilled workers and in R&D spending are both endogenously determined in manufacturing firms. By testing this hypothesis I determine whether skills and R&D activities offer an explanation for quasi-rents among workers wages.

Suggested Citation

  • Ivan Darío Hernández, 2001. "Testing for R&D´rents in skilled workers´wages in the manufacturing industry of Colombia," Revista de Economía del Rosario, Universidad del Rosario, June.
    • Handle: RePEc:col:000151:003557
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    File URL: http://revistas.urosario.edu.co/index.php/economia/article/view/1001/900
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    More about this item

    Keywords

    Research and Development; skilled workers; wages; quasi rents;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

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