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. Results are presented for the U. S., Japan, and an aggregate called "Europe" consisting of eleven European economies. The … primary theme of the paper is that differences between Europe and the U. S. have been substantially exaggerated in recent work …. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits …
Persistent link: https://www.econbiz.de/10012477000
By merging KLEMS data sets and aggregating over the ten largest Western European nations (EU-10), we are able to compare and contrast productivity growth up through 2015 starting from 1950 in the U.S. and from 1972 in the EU-10. Data are provided at the aggregate level, as well as for 16...
Persistent link: https://www.econbiz.de/10012479654
stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate …
Persistent link: https://www.econbiz.de/10012462382
We study the contribution of health-related behaviors to the health-education gradient by distinguishing between short-run and long-run mediating effects: while in the former only current or lagged behaviors are taken into account, in the latter we consider the entire history of behaviors. We...
Persistent link: https://www.econbiz.de/10009385763