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Wedges, Wages, and Productivity under the Affordable Care Act

Mulligan, Casey B. - 2013

Our paper documents the large labor market wedges created by taxes, subsidies, and regulations included in the Affordable Care Act. The law changes terms of trade in both goods and factor markets for firms offering health insurance coverage. We use a multi-sector (intra-national) trade model to...

Persistent link: https://www.econbiz.de/10012458892

Experience, Vintage and Time Effects in the Growth of Earnings : AmericanScientists, 1960-1970

Weiss, Yoram - 1976

: experience, age, vintage and calendar year. The first section of the paper provides a brief outline of a theory of planned growth …

Persistent link: https://www.econbiz.de/10012478991

Growth Accounting with Misallocation : Or, Doing Less with More in Singapore

Fernald, John - 2010

We derive aggregate growth-accounting implications for a two-sector economy with heterogeneous capital subsidies and monopoly power. In this economy, measures of total factor productivity (TFP) growth in terms of quantities (the primal) and real factor prices (the dual) can diverge from each...

Persistent link: https://www.econbiz.de/10012462609

Optimal Gradualism

Lehr, Nils H.; Restrepo, Pascual - National Bureau of Economic Research - 2022

This paper studies how gradualism affects the welfare gains from trade, technology, and reforms. When people face adjustment frictions, gradual shocks create less adverse distributional effects in the short run. We show that there are welfare gains from inducing a more gradual transition via...

Persistent link: https://www.econbiz.de/10013477247

Nonergodic Economic Growth

Durlauf, Steven N. - 1991

This paper explores the role of complementarities and coordination failure in economic growth. We analyze the evolution composed of a countable set of infinitely-lived heterogenous industries. Individual industries exhibit nonconvexities in production and are linked across time through localized...

Persistent link: https://www.econbiz.de/10012475288

Is Poland the Next Spain?

Caselli, Francesco - 2005

reallocation of labor from agriculture to manufacturing and services, which have higher capital intensity and use resources more … Eastern Europe the employment share of agriculture is typically quite large, and agriculture is particularly unproductive …

Persistent link: https://www.econbiz.de/10012467642

Does the Sector Bias of Skill-Biased Technical Change Explain Changing Wage Inequality?

Haskel, Jonathan E. - 1998

This paper examines whether the sector bias of skill-biased technical change (sbtc) explains changing skill premia within countries in recent decades. First, using a two-factor, two-sector, two-country model we demonstrate that in many cases it is the sector bias of sbtc that determines sbtc's...

Persistent link: https://www.econbiz.de/10012472244

Labor Market Shifts and the Price Puzzle Revisited

Krueger, Alan B. - 1997

-Samuelson theory of expanded trade with countries that are abundant in less-skilled workers, as well as with some models of …

Persistent link: https://www.econbiz.de/10012472900

A Theory of Firm Characteristics and Stock Returns : The Role of Investment-Specific Shocks

Kogan, Leonid - 2012

firm characteristics - Tobin's Q, past investment, earnings-price ratios, market betas, and idiosyncratic volatility of … returns by aggregate investment and valuation ratios; and v) a downward sloping term structure of risk premia for dividend … strips. Our model delivers testable predictions about the behavior of firm-level real variables - investment and output …

Persistent link: https://www.econbiz.de/10012460684

The Race Between Machine and Man : Implications of Technology for Growth, Factor Shares and Employment

Acemoglu, Daron - 2016

share, and may even reduce wages, while the creation of new tasks has the opposite effects. Our full model endogenizes …

Persistent link: https://www.econbiz.de/10012456424

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