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Trends in hours and economic growth
Ngai, Liwa Rachel (contributor);  … - 2007
We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and...
Persistent link: https://www.econbiz.de/10003523486
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Knowledge Growth and the Allocation of Time
Lucas, Robert E, Jr - 2011
for this economy, thereby obtaining a theory of endogenous growth that captures in a tractable way the social nature of …
Persistent link: https://www.econbiz.de/10012461162
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Does the Environment Still Matter? Daily Temperature and Income in the United States
Deryugina, Tatyana - 2014
It is widely hypothesized that incomes in wealthy countries are insulated from environmental conditions because individuals have the resources needed to adapt to their environment. We test this idea in the wealthiest economy in human history. Using within-county variation in weather, we estimate...
Persistent link: https://www.econbiz.de/10012457916
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Human capital quality and aggregate income differences : development accounting for US states
Hanushek, Eric Alan; Ruhose, Jens; Woessmann, Ludger - 2015
Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...
Persistent link: https://www.econbiz.de/10011288586
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Was higher education a major channel through which the US became an economic superpower in the 20th century?
Cook, Adam; Ehrlich, Isaac - 2018
This paper offers a thesis for why the US overtook the UK and other European countries in the 20th century in both aggregate and per capita GDP as a case study of recent models of endogenous growth, where "human capital" is the engine of growth. By human capital we mean an intangible asset, best...
Persistent link: https://www.econbiz.de/10011881092
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The accumulation of human and market capital in the United States: the long view, 1948-2013
Fraumeni, Barbara M.; Christian, Michael S.; Samuels, Jon D. - 2020
Over the 1948-2013 period, many factors significantly impacted on human capital, which in turn affected economic growth in the United States. This chapter analyzes these factors within a complete national income accounting system which integrates Jorgenson-Fraumeni human capital into the...
Persistent link: https://www.econbiz.de/10012213777
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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10011401020
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Does the growth process discriminate against older workers?
Langot, François (contributor);  … - 2008
This paper seeks to gain insights on the relationship between growth and unemployment, when considering heterogeneous agents in terms of age. We introduce life cycle features in the endogenous job destruction framework à la Mortensen and Pissarides (1998). We show that, under the assumption of...
Persistent link: https://www.econbiz.de/10003778484
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Education and growth with learning by doing
Marconi, Gabriele; Grip, Andries de - 2015
We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...
Persistent link: https://www.econbiz.de/10010529431
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Baumol versus Engel: accounting for 100 years (1885-1985) of structural transformation in Japan
Fukao, Kyōji; Paul, Saumik - 2019
This paper examines the drivers of the long-run structural transformation in Japan. We use a dynamic input-output framework that decomposes the reallocation of the total output across sectors into two components: the Engel effect (demand side) and the Baumol effect (supply side). To perform this...
Persistent link: https://www.econbiz.de/10012130126