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Micro Data and Macro Technology

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NBER2014-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20452
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We develop a framework to estimate the aggregate capital-labor elasticity of substitution by aggregating the actions of individual plants, and use it to assess the decline in labor's share of income in the US manufacturing sector. The aggregate elasticity reflects substitution within plants and
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2014-09-01
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