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The Race Between Technology and Human Capital

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  • Nancy L Stokey

    (Department of Economics)

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.

Suggested Citation

  • Nancy L Stokey, 2014. "The Race Between Technology and Human Capital," 2014 Meeting Papers 1113, Society for Economic Dynamics.
  • Handle: RePEc:red:sed014:1113
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    File URL: https://www.economicdynamics.org/meetpapers/2014/paper_1113.pdf
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    References listed on IDEAS

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    1. Erzo G. J. Luttmer, 2007. "Selection, Growth, and the Size Distribution of Firms," The Quarterly Journal of Economics, Oxford University Press, vol. 122(3), pages 1103-1144.
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    Cited by:

    1. Fabian Goessling, 2018. "Human Capital, Growth, and Asset Prices," CQE Working Papers 6918, Center for Quantitative Economics (CQE), University of Muenster.
    2. Jess Benhabib & Jesse Perla & Christopher Tonetti, 2017. "Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier," NBER Working Papers 23095, National Bureau of Economic Research, Inc.

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