Showing 1 - 10 of 608
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …
Persistent link: https://www.econbiz.de/10010261270
We use a repeated large-scale survey of households in the Nielsen Homescan panel to characterize how labor markets are being affected by the covid-19 pandemic. We document several facts. First, job loss has been significantly larger than implied by new unemployment claims: we estimate 20 million...
Persistent link: https://www.econbiz.de/10012836006
indicator for the labour intensity of output growth the employment threshold (the minimum growth rate of output necessary to …
Persistent link: https://www.econbiz.de/10013316632
gains from trade accompanied by distributional conflicts, which have so far not been accounted for in the literature: a …
Persistent link: https://www.econbiz.de/10013317452
This paper analyzes the heterogeneous effects of monetary policy on workers with differing levels of labor force attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations with lower labor force attachment—Blacks, high...
Persistent link: https://www.econbiz.de/10013308104
, we consider a temporary increase in international trade costs similar to the one observed during the pandemic and analyze … its effects on labor market outcomes using a quantitative trade model with downward nominal wage rigidities. Even omitting … any health-related impacts of the pandemic, the increase in trade costs leads to a temporary but prolonged decline in U …
Persistent link: https://www.econbiz.de/10014259687
This paper presents the first longitudinal estimates of the effect of work-related training on labor market outcomes in Switzerland. Using a novel dataset that links official census data on adult education to longitudinal register data on labor market outcomes, we apply a regression-adjusted...
Persistent link: https://www.econbiz.de/10014243161
We study the labour market impact of a major shock of return migration, following the end of the Portuguese Colonial War in 1974. The retornados influx is unique because of its size (half a million people in a country of nine million), and similarity with the native population (almost 80% of the...
Persistent link: https://www.econbiz.de/10014244323
This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … large sample of European countries, and it builds a quantitative multi-sector growth model to analyze the potential impact … that structural change may have on future productivity growth. We document that the observed reallocation of economic …
Persistent link: https://www.econbiz.de/10013211112
fraction of production by services sectors. We develop a multisector growth model that admits structural change in production … networks along the balanced growth path to study these trends. Disaggregated final expenditure data reveal that inputs to … endogenously reallocate toward the fastest growing producers of investment. Growth accounting exercises demonstrate that investment …
Persistent link: https://www.econbiz.de/10014348090