Tcapital-skill complementarity and inequality
Subtitle: a sensitivity analysis
By: Linnea Polgreen and Pedro Silos
Contributors: Silos, Pedro; Federal Reserve Bank of Atlanta
Series: Working paper series / Federal Reserve Bank of Atlanta -- 2005-20; Working paper series (Federal Reserve Bank of Atlanta : Online) -- 2005-20.
Publisher: Federal Reserve Bank of Atlanta
Published: 2005
Place of publication: Atlanta, Ga.]
Language: eng
Format: [electronic resource] :
Description: "In 'Capital-skill complementarity and inequality: A macroeconomic analysis,' Krusell et al. (2000) analyzed the capital-skill complementarity hypothesis as an explanation for the behavior of the U.S. skill premium. This paper shows that their model's fit and the values of the estimated parameters are very sensitive to the data used: Alternative measures of the capital series predict skill premia that bear little resemblance to the data. We also include ten additional years of data to address the claim made by other authors that the evolution of the skill premium changed during the 1990s, but we find little evidence of this change"--Federal Reserve Bank of Atlanta web site.
Notes: Title from PDF file as viewed on 8/07/2006.

Includes bibliographical references.

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