Abstract
Recent studies of capital-skill complementarity suffer from several important empirical limitations and a theoretical framework that treats technological change as exogenous. This paper addresses some of these limitations using a new, detailed firm-level dataset on technology usage and labor composition. Based on two-stage estimation procedures, our results imply that technological change leads to a shift in labor composition and compensation in favor of white-collar workers.
Original language | English (US) |
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Pages (from-to) | 227-246 |
Number of pages | 20 |
Journal | Economics of Innovation and New Technology |
Volume | 5 |
Issue number | 2-4 |
DOIs | |
State | Published - Jan 1 1998 |
Keywords
- Advanced manufacturing technologies
- Skill-biased technological change
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Management of Technology and Innovation