Showing 1 - 10 of 2,807
Persistent link: https://www.econbiz.de/10013203095
Persistent link: https://www.econbiz.de/10014280221
Persistent link: https://www.econbiz.de/10012314134
Persistent link: https://www.econbiz.de/10014635835
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
Persistent link: https://www.econbiz.de/10012546895
This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … that structural change may have on future productivity growth. We document that the observed reallocation of economic … activity since the 1970s towards the service sector has exerted a strongly negative effect on aggregate productivity growth in …
Persistent link: https://www.econbiz.de/10012625868
Persistent link: https://www.econbiz.de/10015050969
Persistent link: https://www.econbiz.de/10012151980
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10011646840
Persistent link: https://www.econbiz.de/10012243461