Showing 1 - 10 of 71
This paper reviews research that uses longitudinal microdata to document productivity movements and to examine factors … behind productivity growth. The research explores the dispersion of productivity across firms and establishments, the … persistence of productivity differentials, the consequences of entry and exit, and the contribution of resource reallocation …
Persistent link: https://www.econbiz.de/10005394167
We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an … environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes … sectoral productivity changes. We fi nd that such elasticities can vary signi cantly depending on the sectors and regions …
Persistent link: https://www.econbiz.de/10011027366
This paper examines the response of U.S. manufacturers to changes in competitiveness brought about by movements in the price of natural gas. I estimate the response of various measures of manufacturing activity using panel regression methods across roughly 80 industries that allow each...
Persistent link: https://www.econbiz.de/10010787057
, technical change, and a productivity slowdown. We derive the consequences for the skilled-to unskilled wage gap, unemployment …
Persistent link: https://www.econbiz.de/10005368256
We show how the ability to accumulate human capital through formal education and through a learning-by-doing process that occurs on the job affects the dynamic behavior of the human capital stock under a liquidity-constrained and a non-constrained case. When there are alternatives to formal...
Persistent link: https://www.econbiz.de/10005368316
This paper demonstrates that considering alternative means of human capital accumulation, such as learning-by-doing, overturns the presumption that formal education is unconditionally beneficial for economic growth. It analyzes a model in which the average level of human capital creates...
Persistent link: https://www.econbiz.de/10005368455
This paper considers the impact of endogenous human capital accumulation on optimal tax policy in a life cycle model. Including endogenous human capital accumulation, either through learning-by-doing or learning-or-doing, is analytically shown to create a motive for the government to use...
Persistent link: https://www.econbiz.de/10009421363
We distinguish learning in a static environment from that in a dynamic environment to show the existence of an important interaction between the development of new technologies and human capital accumulation. Since technological progress creates a more dynamic and uncertain environment, it not...
Persistent link: https://www.econbiz.de/10005712796
Persistent link: https://www.econbiz.de/10005721049
This paper develops an economic growth model with endogenous fertility. In doing so, it provides a new explanation for the relation between fertility, economic development and human capital accumulation. The model emphasizes the role returns on human capital play in economic development through...
Persistent link: https://www.econbiz.de/10005498881