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The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate will remain high. In this paper, we propose a methodology for estimating trend growth that draws on growth theory to identify variables other than productivity - namely consumption...
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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...
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which better job matching of college-educated workers increases individual-level wages and thereby contributes to the urban … wage premium. While we find that college graduates with better job matches do indeed earn higher wages on average, the …
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