A theory of factor allocation and plant size

• 成果类型: Article
• 署名作者: Holmes, Thomas J.; Mitchell, Matthew F.
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research; University of Toronto
• 刊物名称: RAND JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0741-6261
• DOI: 10.1111/j.0741-6261.2008.00017.x
• 发表日期: 2008
• 页码: 329-351
• 关键词: wage inequality; TECHNOLOGY; dispersion; demand; LABOR

摘要

This article develops a theory of how capital, skilled labor, and unskilled labor interact at the plant level. The theory has implications for the relationship between factor allocation and plant size and the effects of trade and growth on the skill premium. The theory is consistent with certain facts about factor allocation and factor price changes in the 19th and 20th centuries.