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dc.contributor.authorWinchester, Nivenen_NZ
dc.date.available2011-04-07T03:06:23Z
dc.date.copyright2004-02en_NZ
dc.identifier.citationWinchester, N. (2004). Capital-skill complementarity and rising wage inequality in the UK (Economics Discussion Papers Series No. 402). University of Otago. Retrieved from http://hdl.handle.net/10523/1072en
dc.identifier.urihttp://hdl.handle.net/10523/1072
dc.description.abstractThe consensus in the literature investigating the causes of increased wage inequality in developed nations since 1980 is that skill-biased technical change is responsible for the widening of the wage distribution. A shortcoming in this literature is that technical change is commonly determined residually; that is, those changes in relative wages unexplained by other factors are attributed to changes in technology. We move this on by specifying a CGE model that identifies four labour types and four capital assets. When capital assets are measured in efficiency units and there is capital-skill complementarity, we can explain a large component of the increase in UK wage inequality in terms of changes in factor endowments. This is the first CGE analysis of relative wages to link changes in technology with movements in observable variables and also the first investigation of the connection between capital-skill complementarity and rising wage inequality and in the UK.en_NZ
dc.format.mimetypeapplication/pdf
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.relation.urihttp://www.business.otago.ac.nz/econ/research/discussionpapers/DP0402.pdfen_NZ
dc.subjectcapital-skill complementarityen_NZ
dc.subjectwage inequalityen_NZ
dc.subjectCGE modellingen_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleCapital-skill complementarity and rising wage inequality in the UKen_NZ
dc.typeDiscussion Paperen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages31en_NZ
otago.date.accession2006-02-03en_NZ
otago.schoolEconomicsen_NZ
otago.openaccessOpen
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints225en_NZ
otago.school.eprintsEconomicsen_NZ
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