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This paper develops a procedure for testing the signaling hypothesis as advanced by Spence, et. al. The approach used is to examine directly the question of whether employers use education for purely informational purposes in their hiring decisions. An application of the method to a recruitment...
Persistent link: https://www.econbiz.de/10010684533
Between 1970 and 1978, industrial subsidies in Sweden rose from 4.9 % to 16 % of value added in mining and manufacturing. Most of this increase was due to increased wage subsidies to specific firms facing acute difficulties. The Swedish industrial subsidy program seems to be both larger in...
Persistent link: https://www.econbiz.de/10010684541
No abstract.
Persistent link: https://www.econbiz.de/10010818377
The present study is a theoretical and empirical investigation into the aggregate wage dynamics of Swedish manufacturing. It contains three essential results: <p> •a rigorous search theoretical model of the wage behaviour of firms is presented and adapted for application to aggregate data <p> •the...</p></p>
Persistent link: https://www.econbiz.de/10011019054
indexes. Would hedonic price indexing also have large effects on measured price and productivity during other technological … Sweden 1900–35. The results show that during the productivity boom of the 1920s, the constant prices for electric motors … high productivity growth in the industry producing electric motors 1920–29. In contrast to Sweden, the US annual total …
Persistent link: https://www.econbiz.de/10005082490
Unlike previous analyses, we consider (i) that IT may affect productivity growth both directly and indirectly, through …
Persistent link: https://www.econbiz.de/10005419532
Unlike previous analyses, we consider (i) that IT may affect productivity growth both directly and indirectly, through …
Persistent link: https://www.econbiz.de/10005639301
Investigating the robustness of the skill-biased technical change hypothesis, this analysis incorporates two novel features. First, effective labor is modeled as the product of a quantity measure - number of employees with a given level of education - and a quality index, depending on, i.a.,...
Persistent link: https://www.econbiz.de/10005645353
No abstract.
Persistent link: https://www.econbiz.de/10010684438
No abstract.
Persistent link: https://www.econbiz.de/10010684444