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Why is measured productivity so low in agriculture?
Herrendorf, Berthold; Schoellman, Todd - 2015
In poor countries, labor productivity in agriculture is considerably lower than in the rest of the economy. We assess … between the marginal value products of agriculture and non-agriculture are considerably smaller when measured through wages … than through labor productivities. Third, labor productivity in agriculture is severely mis-measured in the US. …
Persistent link: https://www.econbiz.de/10011309213
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Wages, human capital, and structural transformation
Herrendorf, Berthold; Schoellman, Todd - 2017
Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen …
Persistent link: https://www.econbiz.de/10011645910
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Trade, wages, and profits
Egger, Hartmut; Egger, Peter; Kreickemeier, Udo - 2012
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...
Persistent link: https://www.econbiz.de/10009581985
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Getting people into work : what (if anything) can justify mandatory activation of welfare recipients?
Molander, Anders; Torsvik, Gaute - 2013
So-called activation policies aiming at bringing jobless people into work have been a central component of welfare reforms across OECD countries during the last decades. Such policies combine restrictive and enabling programs, but their characteristic feature is that also enabling programs are...
Persistent link: https://www.econbiz.de/10009764946
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Minimum wage and collective bargaining reforms : a narrative database for advanced economies
Afonso, António; Jalles, João Tovar; Venter, Zoe - 2022
This paper presents and describes a new database of major minimum wage and collective bargaining reforms covering 26 advanced economies over the period 1970-2020. The main advantage of this dataset is the precise identification of the nature and date of major reforms, which is valuable in many...
Persistent link: https://www.econbiz.de/10013176915
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Asymmetric information renders minimum wages less harmful
Schöb, Ronnie; Thum, Marcel - 2009
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information. -- minimum wages ; unemployment ; asymmetric...
Persistent link: https://www.econbiz.de/10003833327
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Employment protection versus flexicurity : on technology adoption in unionised firms
Lommerud, Kjell Erik (contributor);  … - 2008
We analyse how different labour market institutions - employment protection versus flexicurity - affect technology adoption in unionised firms. We consider both trade unions' incentives to oppose or endorse labour-saving technology, and firms' incentives to invest in such technology. We find...
Persistent link: https://www.econbiz.de/10003790981
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Population, pensions, and endogenous economic growth
Heer, Burkhard (contributor); Irmen, Andreas (contributor) - 2008
We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...
Persistent link: https://www.econbiz.de/10003791799
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How to avoid a pension crisis : a question of intelligent system design
Cigno, Alessandro - 2009
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10003820014
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"Unwarranted" wage changes and the return on capital
Katsimē, Margarita; Kalyvitēs, Sarantēs; Moutos, Thomas - 2009
Casual empiricism suggests that unwarrantedʺ wage changes, defined as the part of wage growth that is not explained by changes in labour productivity, are negatively associated with the return on capital. The main point of this paper is to show that unwarrantedʺ wage changes have no causal...
Persistent link: https://www.econbiz.de/10003887514