Showing 1 - 10 of 54
well as through firm entry and exit – to productivity. We are motivated by the evidence in all countries studied of … raised questions about the theoretical underpinnings of the connection between reallocation and productivity (e.g. Levinsohn … products of resources of the various producers at all times, instantaneous aggregate productivity growth reflects only within …
Persistent link: https://www.econbiz.de/10005090762
productivity slowdown in the US economy of the early seventies. These matrices also allow me to compute the gap between the market …, disembodied information flows. I also find the productivity slowdown coincides with a change in the pattern of generation and …
Persistent link: https://www.econbiz.de/10005090774
Applied General Equilibrium models of trade failed to predict the sectoral changes in trade volumes following the Canada-US Free Trade Agreement. These models utilized a representative firm framework and used econometric estimates for the elasticities of substitution between home and foreign...
Persistent link: https://www.econbiz.de/10005027269
This paper studies the intergenerational persistence of work hours. In particular, I look at the correlation of hours between fathers and sons in the U.S. Using data from the Panel study of Income Dynamics, I find a strong persistence in the permanent component of hours worked. I investigate the...
Persistent link: https://www.econbiz.de/10005048010
of changes. The model reconciles the increase in female labor market participation with the timing of age …
Persistent link: https://www.econbiz.de/10005090752
A dynamic general equilibrium model of work, schooling, occupational and sectoral decisions is developed and estimated. The model is fit to data on life cycle employment, schooling, occupational and sectoral decisions, and on life cycle labor earnings, within and between cohorts observed in the...
Persistent link: https://www.econbiz.de/10005090875
are differentially informative about productivity: more profitable tasks generate noisier signals of a worker's ability …
Persistent link: https://www.econbiz.de/10005090887
In this paper we document substantial returns to occupational tenure. Everything else being constant, ten years of occupational tenure are likely to increase wages by at least $19\%$. Moreover, we show that when occupational experience is taken into account, tenure with an industry or an...
Persistent link: https://www.econbiz.de/10005090910
returns to firms' investment and depressed aggregate productivity. We employ US and European data for the 1990's to test the … productivity. We find that the use of social contacts helps find jobs one to two months sooner but leads to individual wage … discounts of 5\% to 7\% and produces negative externalities on aggregate productivity …
Persistent link: https://www.econbiz.de/10005085453
league, an improvement in the productivity of sporting services, and subsidies to college education. …
Persistent link: https://www.econbiz.de/10005085459