Labor-Augmenting Technology

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A Labor-Augmenting Technology is an Economic Augmenting Technology that decreases the ratio of capital's marginal product to labour's marginal product for a given capital to labour ratio.



References

2013

  1. J.R. Hicks (1932, 2nd ed., 1963). The Theory of Wages, Ch. VI, Appendix, and Section III. Macmillan.
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1998

  • (Kahn, 1998) ⇒ James A. Kahn, and Jong-Soo Lim. (1998). “Skilled labor-augmenting technical progress in US manufacturing." The Quarterly Journal of Economics, 113(4).