Ashraf, Quamrul H.; Cinnirella, Francesco; Galor, Oded; … - 2017
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 …
