intensification of capital-skill complementarity in the production process. In light of the growing significance of skilled labor for … fostering the return to physical capital, elites in society were induced to relinquish their historically profitable coercion of … labor in favor of employing free skilled workers, thereby incentivizing the masses to engage in broad-based human capital …

The elasticity of substitution between capital and labor features prominently in several areas of economic research …

This study provides some perspective on analyzing the effects of corporate taxation on capital formation. Our framework … impact on policy. The remainder of the paper focuses on the substitution elasticity between labor and capital. Several of the …

KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual … property (IP) capital, and traditional capital. I assume that the aggregate output is produced using labor and these three … types of capital and allow for differences in the elasticities of substitution between labor, an aggregate of ICT and IP …

heterogeneous agents, human capital investment and capital-skill complementarity. It shows that increasing funding delivers in the … long run higher physical and human capital and therefore higher output, but also higher wage and income inequality. The …

employment (and unemployment) both directly and indirectly, via its impact on regional profits and the capital stock. …