2023 KLEIN LECTURE—CAPITAL AND WAGES.

Does capital accumulation increase labor demand and wages? Neoclassical production functions, where capital and labor are q‐complements, ensure that the answer is yes, so long as labor markets are competitive. This result critically depends on the assumption that capital accumulation does not change...

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Publicado en:	International Economic Review Vol. 66; no. 1; pp. 3 - 25
Autor principal:	Acemoglu, Daron
Formato:	Artículo
Publicado:	Wiley-Blackwell Feb2025
Materias:	Technological innovations Industrial relations Labor demand Labor productivity Wage increases Capital stock
Acceso en línea:	Ver este registro en EBSCOhost