Employment by level of education and production factor substitutability

Autor:	G. E. Hebbink
Rok vydání:	1991
Předmět:	Estimation Economics and Econometrics Labour economics Complementarity (molecular biology) Capital (economics) Economics Production (economics) Unskilled labour health care economics and organizations reproductive and urinary physiology Public finance
Zdroj:	De Economist. 139:379-400
ISSN:	1572-9982 0013-063X
DOI:	10.1007/bf01423572
Popis:	Several types of elasticities of substitution and complementarity among three labour force aggregates (lower, intermediate, and higher educated) and capital are calculated, based on estimation of demand equations with cross-sectional data by industry groups over two years. Factor substitutability appears to be rather weak. Higher educated labour and capital are complements, as are lower and intermediate educated labour. Employment of unskilled labour is worsened by a reduction of the price of capital. Upgrading the educational level of labour requires the diminishing of the gap between wages of different labour force aggregates; especially the wages of higher educated labour have to decrease.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ddaa69ff815d88cee4b1295094893ec9 https://doi.org/10.1007/bf01423572 Zobrazit plný text záznamu Plný text ve formátu PDF