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This paper develops and estimates a human capital model of wage growth based on learning by doing. Learning by doing rates are assumed to be heterogeneous and firms offer different career structures in terms of the rate of acquisition of firm specific human capital. The model is estimated using...
Persistent link: https://www.econbiz.de/10005136649
This paper presents a model in which firms and workers must engage in costly search to find a production partner. In this setting the skill, job and wage distributions and their evolutions are endogenized. The presence of search frictions implies that there are two redistributive forces in the...
Persistent link: https://www.econbiz.de/10005114138
This paper provides three perspectives on long-run growth rates of labor productivity (LP) and of multi …-factor productivity (MFP) for the U. S. economy. It extracts statistical growth trends for labor productivity from quarterly data for the …
Persistent link: https://www.econbiz.de/10008607509
of these technologies and the skills of LDC workers, and lead to low productivity in the LDCs. Even when all countries … productivity and output per worker. We provide evidence in favour of the cross-industry productivity patterns predicted by our …
Persistent link: https://www.econbiz.de/10005114308
productivity and efficiency via its impact on sorting and matching in the labor market. Some of the most recent contributions also …
Persistent link: https://www.econbiz.de/10011083458
diminishing returns to the number of workers. We examine the sorting of factors to sectors and the matching of factors within …
Persistent link: https://www.econbiz.de/10011084509
This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible … increase in the productivity and/or the supply of skilled relative to unskilled workers. These effects are stronger when hiring …
Persistent link: https://www.econbiz.de/10005666594
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005666625
overall production strategy and productivity trends. In the United States a strategy of standardized mass production led to … high levels of labour productivity and concentration on the development of managerial capabilities, but neglect of the …
Persistent link: https://www.econbiz.de/10005136671
productivity catch-up is rejected. A number of potential `ultimate' causes behind the slowdown are explored. An increasingly …
Persistent link: https://www.econbiz.de/10005791604