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The present paper provides an overview of literature on the shift to services. It follows the three dimensions of structural change - final demand, the inter-industry division of labor and inter-industry productivity differences. It first looks at the ‘classics’, however (Fisher (1935),...
Persistent link: https://www.econbiz.de/10005233801
While China shared many systemic, initial conditions with the transition economies of Central-East Europe (CEE) and the Commonwealth of Independent States (CIS), it had a more agricultural economy and a more stable political-economic system than many CEE and CIS countries. Unlike most of the CEE...
Persistent link: https://www.econbiz.de/10005703201
Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present income differences, and, in...
Persistent link: https://www.econbiz.de/10010790517
The paper studies wage and employment determination in the Swedish business sector from the mid-1910s to the late 1930s. This period includes the boom and bust cycle of the early 1920s as well as the Great Depression of the early 1930s. The events of the early 1920s are particularly intriguing,...
Persistent link: https://www.econbiz.de/10011279371
With ageing populations and a stronger reliance on individual financial decision-making concerning asset portfolios, retirement schemes, pensions and insurances, it becomes increasingly important to understand the determinants of cognitive ability among the elderly. Macro-economic recession and...
Persistent link: https://www.econbiz.de/10009283586
and that returns to general experience are assessed at the point of job change. Using the British New Earnings Survey …
Persistent link: https://www.econbiz.de/10005233755
cohorts of the baby-boom. Using a survey where workers declare their true employment experience, this paper argues that these … labor force, there is higher unemployment among low-experience workers, they do not accumulate enough on-the-job human … even after the shock. In a competitive market, in contrast, wage inequality and notably, the wage return to experience …
Persistent link: https://www.econbiz.de/10005233758
In this paper, we estimate tenure-performance profiles using unique panel data that contain detailed information on individual workers' performance. We find that a 10 per cent increase in tenure leads to an increase in performance of 5.5 per cent of a standard deviation. This translates to an...
Persistent link: https://www.econbiz.de/10009369104
experience and technology adoption and the effect of technological change on the returns to experience. Estimates indicate that … technological change is an important explanation for changes in experience premia. We find a complementarity between existing human …
Persistent link: https://www.econbiz.de/10005703345
We examine the dynamic role of education and experience as determinants of wages. It is hypothesized that an employee … market experience and increase with initially unobserved ability, since the employer gradually obtains better information on …
Persistent link: https://www.econbiz.de/10005703658