Partial (Economic)

Political (General) Equilibrium

Country mean

Rentals(K)

$m\equiv \left(1-\alpha \right)\left(\alpha -\beta \right)+\gamma =8.25$

m/σ = 1.63

Wages(L)

$n\equiv \alpha /\left(\alpha -\beta \right)-\delta =9.21$

n/τ = 1.82

United States

Rentals(K)

$m\equiv \left(1-\alpha \right)\left(\alpha -\beta \right)+\gamma =1.82$

m/σ = 0.36

Wages(L)

$n\equiv \alpha /\left(\alpha -\beta \right)-\delta =2.53$

n/τ = 0.50