Elasticities of Substitution among Capital and Occupations in U.S. Manufacturing
作者:
RandallD. Weiss,
期刊:
Journal of the American Statistical Association
(Taylor Available online 1977)
卷期:
Volume 72,
issue 360
页码: 764-771
ISSN:0162-1459
年代: 1977
DOI:10.1080/01621459.1977.10479953
出版商: Taylor & Francis Group
关键词: Capital-skill complementarity;Cresh production function;Elasticities of demand for occupations;Elasticities of substitution;Estimation of Cresh production function;Substitution among several types of labor
数据来源: Taylor
摘要:
This article presents estimates of the elasticities of substitution among capital and up to 12 sex-occupation categories of labor, as well as each input's elasticity of demand, for 12 U.S. manufacturing industries in 1960. These values are derived from a cross-section production function model using states as observations, estimated with data from the Censuses of Manufacturing and Population. The estimator is a nonlinear iterative Zellner procedure, which produces full-information maximum likelihood estimates in this particular application. The results indicate that aggregation of labor into one or two categories is inconsistent with the data in most industries and that capital-skill complementarity is not universal in U.S. manufacturing.
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