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Does capital accumulation increase labor demand and wages? Neoclassical production functions, where capital and labor are q-complements, ensure that the answer is yes, so long as labor markets are competitive. This result critically depends on the assumption that capital accumulation does not...
Persistent link: https://www.econbiz.de/10014512044
employment-population ratio of natives to test for crowding out at the national level. Third, we analyze occupational upgrading … calculate a positive employment rate effect for most native workers. Even simulations for the most recent 2019-2022 period … suggest small positive effects on wages of non-college natives and no significant crowding out effects on employment …
Persistent link: https://www.econbiz.de/10014528428
The introduction of new technologies in agriculture can foster structural transformation by freeing workers who find occupation in other sectors. The traditional view is that this reallocation of workers towards manufacturing can lead to industrial development. However, when workers moving to...
Persistent link: https://www.econbiz.de/10012479820
created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor …
Persistent link: https://www.econbiz.de/10012456424
This paper investigates a unique policy designed to maintain employment during the privatization of East German firms … after the fall of the Iron Curtain. The policy required new owners of the firms to commit to employment targets, with … penalties for non-compliance. Using a dynamic model, we highlight three channels through which employment targets impact firms …
Persistent link: https://www.econbiz.de/10014337877
local labor markets over time, we establish a new fact. Even though both shocks drastically reduced employment in the … manufacturing sector, only robots led to a sizable decline in population size. We provide evidence that negative employment …
Persistent link: https://www.econbiz.de/10013210076
-scale wind and solar parks on employment, GDP and public finances in Brazilian municipalities using a difference …-in-differences design with matching. We find a positive employment impact of 1-1.5 jobs/MW in the 15 months preceding the commissioning of a … solar park, when the park is under construction, but no impacts thereafter. For wind, we find no employment impacts during …
Persistent link: https://www.econbiz.de/10014512128
reviving domestic manufacturing and employment, paradoxically resulted in a significant drop in hiring domestic talent. The …
Persistent link: https://www.econbiz.de/10014544744
Using monthly data from major U.S. metropolitan areas that span state borders, we estimate the elasticity of employment …
Persistent link: https://www.econbiz.de/10014250213
We show that Covid-19 illnesses persistently reduce labor supply. Using an event study, we estimate that workers with week-long Covid-19 work absences are 7 percentage points less likely to be in the labor force one year later compared to otherwise-similar workers who do not miss a week of work...
Persistent link: https://www.econbiz.de/10013388791