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Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724980
This paper examines differences in the skill content of work throughout the United States, ranging from densely populated city centers to isolated and sparsely populated rural areas. To do so, we classify detailed geographic areas into categories along the entire urban-rural hierarchy. An...
Persistent link: https://www.econbiz.de/10011027232
This paper develops a simple framework for examining human capital accumulation, unemployment, and relative wages in a …
Persistent link: https://www.econbiz.de/10005368256
This paper presents a comparative study of the level of unit labor costs in the manufacturing sectors of several countries. The paper begins by surveying earlier estimates of relative productivity and unit labor cost levels and evaluating the various methodologies that have been used in previous...
Persistent link: https://www.econbiz.de/10005368260
Using two decades of annual data, we explore the links between real exchange rates and employment, wages and overtime … not have large effects on numbers of jobs or on hours worked. More substantial effects are picked up in industry wages …, especially for industries characterized by low price-over-cost markup ratios, and in overtime wages and overtime employment. The …
Persistent link: https://www.econbiz.de/10005420590
Persistent link: https://www.econbiz.de/10005387253
.S. manufacturing sector. Ordinary least squares estimates of the effect of rents per worker on wages are positive and significant, but … industry financial situation on wages. We do this using the U.S. input-output tables to isolate exogenous variation in an …
Persistent link: https://www.econbiz.de/10005393976
Using annual data for 450 manufacturing industries over the period 1958 to 1989, we establish the following stylized facts on the response of industry nominal wage growth to aggregate and industry influences: ; 1. We find support for the canonical wage contracts model outlined in Blanchard and...
Persistent link: https://www.econbiz.de/10005712723