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could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second … addition existing physical capital and labour. In our measure this is the contribution to GDP growth of market sector … from the EUKLEMS database. Our main findings are as follows. Over 2000-2005, market sector labour productivity grew at 2 …
Persistent link: https://www.econbiz.de/10003811075
. -- Stiglitz Commission ; Stiglitz Report ; Beyond GDP ; welfare measurement ; life satisfaction …
Persistent link: https://www.econbiz.de/10009125637
This paper examines a famous puzzle in social science. Why do some nations report such high happiness? Denmark, for instance, regularly tops the league table of rich nations' well-being; Great Britain and the US enter further down; France and Italy do relatively poorly. Yet the explanation for...
Persistent link: https://www.econbiz.de/10010380028
In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Douglas production function and perfect competition. Given the observed decline of the labor share in recent decades, this paper relaxes these assumptions, proposes a time-series calculation of the...
Persistent link: https://www.econbiz.de/10009422480
der Arbeit web site …
Persistent link: https://www.econbiz.de/10003359294
measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity …
Persistent link: https://www.econbiz.de/10013169954
This paper provides a quantitative assessment of the economic contribution of unauthorized workers to the U.S. economy, and the potential gains from legalization. We employ a theoretical framework that allows for multiple industries and a heterogeneous workforce in terms of skills and...
Persistent link: https://www.econbiz.de/10011581646
go back at least 200 years further using our methods. We analyse data for six countries (the USA, UK, Germany, France …
Persistent link: https://www.econbiz.de/10011296064
This paper uses a gravity model of migration to analyze how income differentials affect the flow of immigrants into U.S. states using annual data from the American Community Survey. We add to existing literature by decomposing income differentials into short- and long-term components and by...
Persistent link: https://www.econbiz.de/10009534978
We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual wage bargaining. Product market competition affects...
Persistent link: https://www.econbiz.de/10003274242