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We address three core questions about the hypothesized role of newly emerging job categories ('new work') in counterbalancing the erosive effect of task-displacing automation on labor demand: what is the substantive content of new work; where does it come from; and what effect does it have on...
Persistent link: https://www.econbiz.de/10013362043
The evolution of work is of emerging importance to advanced economies' growth. In this study, we develop a new semantic-distance-based algorithm to identify "new work," namely the new types of jobs introduced in the US. We characterize how "new work" relates to task content of jobs and skill...
Persistent link: https://www.econbiz.de/10014544803
Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to high-productivity activities are a key driver of...
Persistent link: https://www.econbiz.de/10012461515
U.S. agriculture was transformed during the 20th century by waves of innovation with mechanical, biological, chemical … innovation will be required to preserve past productivity gains in the face of climate change, coevolving pests and diseases, and … changing technological regulations--let alone increase productivity. Great potential exists for innovation in crop and …
Persistent link: https://www.econbiz.de/10012481789
countries join the world economy so that globalization increases at the margin, labor standards worsen (improve) at the margin …We ask how globalization affects a government's incentives to set labor standards for its workers. In a stylized … with globalization than it would under autarky, because labor standards are a normal good and the general increase in …
Persistent link: https://www.econbiz.de/10014322750
This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10012471648
Advances in communication technologies over the past half century have made the cultural goods of one country more readily available to consumers in another, raising concerns that cultural products from large economies - in particular the US - will displace the indigenous cultural products of...
Persistent link: https://www.econbiz.de/10012462688
This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10012471890
three important phenomena: (1) the globalization of R&D, (2) the growing importance of software and IT to firm innovation … markets. One of the distinguishing features of the R&D globalization phenomenon is its concentration within the software … IT- and software-biased shift in innovation drove US MNCs abroad, and particularly drove them abroad to "new hubs" with …
Persistent link: https://www.econbiz.de/10012453013
companies to disentangle the role of technological change, market power, and globalization in driving a fall in the labor share … measured using four firm and twenty firm concentration ratios and globalization is measured as export shares in total revenues … smaller. Finally, the evidence on globalization is mixed: trade shares are at times negatively associated with the labor share …
Persistent link: https://www.econbiz.de/10014468215