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Productivity, Wages and Prices Inside and Outside of Manufacturing in the US, Japan and Europe
Gordon, Robert J - C.E.P.R. Discussion Papers - 1986
. Results are presented for the United States, Japan, and an aggregate called "Europe" consisting of eleven European economies …. The primary theme of the paper is that the differences between Europe and the United States have been substantially … exaggerated in recent work. Europe has neither greater nominal wage flexibility nor more rigid real wages than the United States …
Persistent link: https://www.econbiz.de/10005789135
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The Potato's Contribution to Population and Urbanization: Evidence from an Historical Experiment
Nunn, Nathan; Qian, Nancy - C.E.P.R. Discussion Papers - 2009
We exploit regional variation in suitability for cultivating potatoes, together with time variation arising from their introduction to the Old World from the Americas, to estimate the impact of potatoes on Old World population and urbanization. Our results show that the introduction of the...
Persistent link: https://www.econbiz.de/10005039579
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The Early Modern Great Divergence: Wages, Prices and Economic Development in Europe and Asia, 1500-1800
Broadberry, Stephen N; Gupta, Bishnupriya - C.E.P.R. Discussion Papers - 2005
. The ‘Great Divergence’ between Europe and Asia was already well underway before 1800. …Contrary to the claims of Pomeranz, Parthasarathi and other ‘world historians’, the prosperous parts of Asia between … 1500 and 1800 look similar to the stagnating southern, central and eastern parts of Europe rather than the developing …
Persistent link: https://www.econbiz.de/10005666692
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How Did Japan Catch-Up On The West? A Sectoral Analysis Of Anglo-Japanese Productivity Differences, 1885-2000
Broadberry, Stephen N; Fukao, Kyoji; Zammit, Nick - C.E.P.R. Discussion Papers - 2015
Although Japanese economic growth after the Meiji Restoration is often characterised as a gradual process of trend acceleration, comparison with the United States suggests that catching-up only really started after 1950, due to the unusually dynamic performance of the US economy before 1950. A...
Persistent link: https://www.econbiz.de/10011272720
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The Effects of Permanent Technology Shocks on Labour Productivity and Hours in the RBC Model
Lindé, Jesper - C.E.P.R. Discussion Papers - 2005
Recent work on the effects of permanent technology shocks argue that the basic RBC model cannot account for a negative correlation between hours worked and labour productivity. In this Paper, I show that this conjecture is not necessarily correct. In the basic RBC model, I find that hours worked...
Persistent link: https://www.econbiz.de/10005123547
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Innovation, Machine Replacement and Productivity
Licandro, Omar; Illera, Maroto; Reyes, María; Puch, Luis - C.E.P.R. Discussion Papers - 2005
This paper explores the role of replacement and innovation in shaping investment and productivity during episodes of lumpy adjustment in capital. To this purpose we use a rich firm-level panel of Spanish manufacturing data that combines information on equipment investment and firm's strategies....
Persistent link: https://www.econbiz.de/10005124057
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Information Technology, Efficient Restructuring and the Productivity Puzzle
Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2007
(ICT). But why have the same technologies not similarly increased Europe's labour productivity? This paper provides a …
Persistent link: https://www.econbiz.de/10005124167
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Wages and Productivity Growth in a Dynamic Monopoly
Bester, Helmut; Petrakis, Emmanuel - C.E.P.R. Discussion Papers - 2001
This Paper studies the inter-temporal problem of a monopolistic firm that engages in productivity-enhancing innovations to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches the rate of wage growth and eventually the firm reaches...
Persistent link: https://www.econbiz.de/10005067455
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Performance-Related Pay
Booth, Alison L; Frank, Jeff - C.E.P.R. Discussion Papers - 1997
The paper extends the theoretical approach in Lazear (1986, 1996) to show that jobs with performance related pay (PRP) attract workers of higher unobservable ability, and also induce workers to provide greater effort. We then test some of the predictions of this model against data from the...
Persistent link: https://www.econbiz.de/10005504474
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Profit Sharing in British Industry, 1865-1913
Hatton, Timothy J. - C.E.P.R. Discussion Papers - 1987
Some 300 profit-sharing schemes were introduced in Britain between 1865 and 1913. These were intended both to raise labour productivity and to improve industrial relations in the firms concerned. These schemes appear to have increased significantly the wages of eligible workers but were...
Persistent link: https://www.econbiz.de/10005656141