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We present a new multi-sector growth model that features nonhomothetic, constant-elasticity-of-substitution preferences, and accommodates long-run demand and supply drivers of structural change for an arbitrary number of sectors. The model is consistent with the decline in agriculture, the...
Persistent link: https://www.econbiz.de/10013014662
Based on responses in the General Social Survey, we construct an index that captures non-monetary qualities of occupations, such as respect, learning, and work hazards, relevant to the well-being of workers. Using the Panel Study of Income Dynamics and National Longitudinal Survey of Youth data,...
Persistent link: https://www.econbiz.de/10012660059
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Persistent link: https://www.econbiz.de/10012106800
We present a new multi-sector growth model that features nonhomothetic, constant-elasticity- of-substitution preferences, and accommodates long-run demand and supply drivers of structural change for an arbitrary number of sectors. The model is consistent with the decline in agriculture, the...
Persistent link: https://www.econbiz.de/10012457074
Relying on a novel dataset on hardware and software investments in the universe of French firms, we document a robust within-industry correlation between firm size and the intensity of IT demand. To explain this fact, we argue that the relative marginal product of IT inputs may rise with firm...
Persistent link: https://www.econbiz.de/10012847624
Persistent link: https://www.econbiz.de/10013332488