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Federal Reserve Bank of Cleveland: 'Capital-Skill Complementarity in Manufacturing: Lessons From the US Shale Boom'
July 16, 2024
CLEVELAND, Ohio, July 16 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 24-12) in May 2024 by Victor Hernandez Martinez entitled "Capital-Skill Complementarity in Manufacturing: Lessons from the US Shale Boom."

Here are excerpts:

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This paper tests the existence of capital-skill complementarity in the manufacturing sector using quasi-experimental increases in the relative price of low-skill labor induce . . .

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