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The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a major economic downturn and to restore full employment quickly afterward. In the crisis the American labor market failed to live up to expectations. The level and duration of...
Persistent link: https://www.econbiz.de/10012459074
Workers have responded differently to declining union density in the US and UK. US workers have unfilled demand for unions whereas many UK workers free-ride at unionized workplaces. To explain this difference, we create a scalar measure of worker needs for representation and relate desire for...
Persistent link: https://www.econbiz.de/10012466359
competition in their industry. As a result, US manufacturing is reallocated over time towards industries that are more capital and … surviving plants. Within industries, low wage import competition has the strongest effects on the least capital and skill … intensive plants. Surviving plants that switch industries move into more capital and skill intensive sectors when they face low …
Persistent link: https://www.econbiz.de/10012469540
a difference-in-differences identification strategy, we find that industries more exposed to reductions in import tariff … uncertainty exhibit relative declines in investment after the change in trade policy. Within industries, we find that this …
Persistent link: https://www.econbiz.de/10012453642
We document the role of intangible capital in manufacturing firms' substantial contribution to non-manufacturing employment growth from 1977-2019. Exploiting data on firms' "auxiliary" establishments, we develop a novel measure of proprietary in-house knowledge and show that it is associated...
Persistent link: https://www.econbiz.de/10013334346