全球智库信息集成服务系统(G2TT): People and Machines: A Look at the Evolving Relationship Between Capital and Skill In Manufacturing 1860-1930 Using Immigration Shocks

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w21435
来源ID	Working Paper 21435
	People and Machines: A Look at the Evolving Relationship Between Capital and Skill In Manufacturing 1860-1930 Using Immigration Shocks
	Jeanne Lafortune; José Tessada; Ethan Lewis
发表日期	2015-08-10
出版年	2015
语种	英语
摘要	This paper estimates the elasticity of substitution between capital and skill using variation across U.S. counties in immigration-induced skill mix changes between 1860 and 1930. We find that capital began as a q-complement for skilled and unskilled workers, and then dramatically increased its relative complementary with skilled workers around 1890. Simulations of a parametric production function calibrated to our estimates imply the level of capital-skill complementarity after 1890 likely allowed the U.S. economy to absorb the large wave of less-skilled immigration with a modest decline in less-skilled relative wages. This would not have been possible under the older production technology.
主题	Labor Economics ; Labor Supply and Demand ; History ; Other History ; Development and Growth ; Innovation and R& ; D
URL	https://www.nber.org/papers/w21435
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/579110
推荐引用方式 GB/T 7714	Jeanne Lafortune,José Tessada,Ethan Lewis. People and Machines: A Look at the Evolving Relationship Between Capital and Skill In Manufacturing 1860-1930 Using Immigration Shocks. 2015.