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The share of employment in manufacturing as well as the relative price of manufactures has declined sharply over the … productivity growth. We show that the data imply that households are not willing to substitute between the two goods at all and … unable to account for the entire decline in employment over this period, we expand the model to allow for manufactured …
Persistent link: https://www.econbiz.de/10011026910
The share of employment in manufacturing as well as the relative price of manufactures has declined sharply over the … productivity growth. We show that the data imply that households are not willing to substitute between the two goods at all and … unable to account for the entire decline in employment over this period, we expand the model to allow for manufactured …
Persistent link: https://www.econbiz.de/10005514429
We use China’s large-scale reform of state-owned enterprises (SOE) in the late 1990s as a natural experiment to identify and quantify the importance of precautionary savings for wealth accumulation. Before the reform, SOE workers enjoyed the same job security as government employees. After the...
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Presentation to Portland community leaders, Portland, Oregon, September 4, 2013
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Presentation to Financial Executives International, San Francisco, CA, April 15, 2010
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Remarks at the Chattanooga Area Chamber of Commerce, Chattanooga, Tennessee, August 26, 2009
Persistent link: https://www.econbiz.de/10008633423