Przeglądaj KAE Working Papers według tematu "factor share"
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Isoelastic Elasticity of Substitution Production Functions
(2016-01)We generalize the normalized Constant Elasticity of Substitution (CES) production function by allowing the elasticity of substitution to vary isoelastically with (i) relative factor shares, (ii) marginal rates of substitution, ... -
Automation, Partial and Full
(2020-04)When some steps of a complex, multi-step task are automated, the demand for human work in the remaining complementary sub-tasks goes up. In contrast, when the task is fully automated, the demand for human work declines. ...