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The Complementary between Technology and Human Capital in the Early Phase of Industrialization
Franck, Raphael - 2016
The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional variations in the adoption of steam engines across France, the study establishes that in contrast to conventional wisdom that views early industrialization as a predominantly...
Persistent link: https://www.econbiz.de/10013003523
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The Price and Employment Response of Firms to the Introduction of Minimum Wages
Link, Sebastian - 2021
This paper studies the price and employment response of firms to the introduction of a nation-wide minimum wage in … Germany. In line with previous studies, the estimated employment effect is only modestly negative and statistically …
Persistent link: https://www.econbiz.de/10013315367
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Job Creation Tax Credits, Fiscal Foresight, and Job Growth : Evidence from U.S. States
Chirinko, Robert S. - 2016
quantitative importance of fiscal foresight. We investigate whether JCTCs affect employment growth before, at, and after the time … difference-in-difference regression framework applied to monthly panel data on employment, the JCTC effective and legislative …
Persistent link: https://www.econbiz.de/10012996337
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Import Competition and the Great U.S. Employment Sag of the 2000s
Acemoglu, Daron - 2015
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being … force behind both recent reductions in U.S. manufacturing employment and — through input-output linkages and other general …
Persistent link: https://www.econbiz.de/10013021701
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Top Incomes, Rising Inequality, and Welfare
Lansing, Kevin J. - 2012
This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wage income going to the top decile of U.S. households since 1980. Under realistic assumptions, we find that all agents can benefit from the...
Persistent link: https://www.econbiz.de/10013098333
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Economic Retirement Age and Lifelong Learning - A Theoretical Model with Heterogeneous Labor, Biased Technical Change and International Sourcing
Gries, Thomas - 2017
The employability of an aging population in a world of continuous and biased technical change is top of the political agenda. Due to endogenous human capital depreciation the effective retirement age is often below statutory retirement age resulting in permanent non-employability of older...
Persistent link: https://www.econbiz.de/10012964188
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Endogenous Capital-and Labor-Augmenting : Technical Change in the Neoclassical Growth Model
Irmen, Andreas - 2016
The determinants of the direction of technical change and their implications for economic growth and economic policy are studied in the one-sector neoclassical growth model of Ramsey, Cass, and Koopmans extended to allow for endogenous capital-and labor-augmenting technical change. We develop a...
Persistent link: https://www.econbiz.de/10013001160
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The Learning Process and Technological Change in Wind Power : Evidence from China's CDM Wind Projects
Tang, Tian - 2014
The Clean Development Mechanism (CDM) is a project-based carbon trade mechanism that subsidizes the users of climate-friendly technologies and encourages technology transfer. The CDM has provided financial support for a large share of Chinese wind projects since 2002. Using pooled...
Persistent link: https://www.econbiz.de/10013055392
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Technological Progress, the Supply of Hours Worked, and the Consumption-Leisure Complementarity
Irmen, Andreas - 2018
At least since 1870 hours worked per worker declined and real wages increased in many of today's industrialized countries. The dual nature of technological progress in conjunction with a consumption-leisure complementarity explains these stylized facts. Technological progress drives real wages...
Persistent link: https://www.econbiz.de/10012925257
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Top Incomes, Rising Inequality, and Welfare
Lansing, Kevin J.; Markiewicz, Agnieszka - 2021
We introduce permanently-shifting income shares into a standard growth model with two types of agents. Capital owners represent the top quintile of U.S. households while workers represent the remainder. Our tractable model allows us to exactly replicate the observed U.S. time paths of the top...
Persistent link: https://www.econbiz.de/10013315527