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An economy benefits from advances in technical frontiers only when new technology comes into general use. This paper measures the diffusion of computing equipment at a time when computing technology underwent dramatic technical improvement. These data shed light on the long lag between advances...
Persistent link: https://www.econbiz.de/10012474289
economic theory …
Persistent link: https://www.econbiz.de/10012455758
We perform a quantitative analysis of observed changes in U.S. between-group inequality between 1984 and 2003. We use an assignment framework with many labor groups, equipment types, and occupations in which changes in inequality are caused by changes in workforce composition, occupation demand,...
Persistent link: https://www.econbiz.de/10012457811
Macroeconomic dynamics are shaped by how individual incentives to spend and accumulate interact with the decisions of others. The goal of this paper is to identify--within a simple large-game-theoretic structure--which types of agent interactions favor which types of dynamic equilibrium...
Persistent link: https://www.econbiz.de/10014635624
We investigate the impact of computerization of white-collar jobs on wages and employment. Using online job postings from 2007 and 2010--2016 for office and administrative support (OAS) jobs, we show that when firms adopt new software at the job-title level they increase the skills required of...
Persistent link: https://www.econbiz.de/10013172165
computational, models. This paper seeks to help bridge the gap between computation and theory …
Persistent link: https://www.econbiz.de/10012480054
Evidence shows that the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) is underutilized. WIC enrolls only sixty percent of eligible persons. Participants claim only a fraction of available benefits. Researchers suggest that people underutilize WIC because of the...
Persistent link: https://www.econbiz.de/10012480783
Method of Simulated Moments (MSM) estimators introduced by McFadden (1989)and Pakes and Pollard (1989) are of great use to applied economists. They are relatively easy to use even for estimating very complicated economic models. One simply needs to generate simulated data according to the model...
Persistent link: https://www.econbiz.de/10012470372
This essay examines the idea and potential of a computational approach to theory,' discusses methodological issues … and the exposition of computational results. We argue that the study of a theory need not be confined to proving theorems …
Persistent link: https://www.econbiz.de/10012472915
In this paper, we make a first attempt to explore the relationship between computer use and productivity in French manufacturing and services industries. We match information on computer utilization in the work place collected at the employee level in the years 1987, 1991 and 1993, with...
Persistent link: https://www.econbiz.de/10012472992