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6½ decades of global trade and income : “new normal” or “back to normal” after GTC and GFC?
Kalra, Sanjay - 2016
the relative role of 'globalization' and 'technology' shocks in accounting for the short and long run variance of global …
Persistent link: https://www.econbiz.de/10011711761
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Technology and the future of work
Peralta-Alva, Adrian; Roitman, Agustin - 2018
This paper uses a DSGE model to simulate the impact of technological change on labor markets and income distribution. It finds that technological advances offers prospects for stronger productivity and growth, but brings risks of increased income polarization. This calls for inclusive policies...
Persistent link: https://www.econbiz.de/10011932374
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Intangible investment and low inflation : a framework and some evidence
Lall, Subir; Zeng, Li - 2020
Intangible investment is growing as a share of economic activity. We present a simple framework incorporating its distinguishing characteristic of generally greater scalability and lower marginal costs than tangible investment. We show evidence that this may have contributed to more elastic...
Persistent link: https://www.econbiz.de/10012302067
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Returns to Human Capital and Investment in New Technology
Luzio, Rodolfo - 2001
This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the...
Persistent link: https://www.econbiz.de/10014400979
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The structural determinants of the labor share in Europe
Dimova, Dilyana - 2019
employment protection, unemployment benefits and unemployment benefits have been the main contributors. Technology and … globalization hurt sectors where jobs are routinizable but helped others that require specialized skills. High-skilled professionals … share owing to globalization and the erosion of labor market safety nets …
Persistent link: https://www.econbiz.de/10012009975
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Technological Change, Relative Wages, and Unemployment
Aizenman, Joshua - 1994
employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations …
Persistent link: https://www.econbiz.de/10014397189
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Are the Unemployed Unemployable?
Saint-Paul, Gilles - 1994
may have increased unemployment. It is shown that it is likely to be so if they are associated with an increase in the …
Persistent link: https://www.econbiz.de/10014398139
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How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries?
Jaumotte, Florence - 2007
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China …, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and … globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 …
Persistent link: https://www.econbiz.de/10014401060
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E-commerce during COVID : stylized facts from 47 economies
Alcedo, Joel; Cavallo, Alberto; Dwyer, Bricklin; … - 2022
We study e-commerce across 47 economies and 26 industries during the COVID-19 pandemic using aggregated and anonymized transaction-level data from Mastercard, scaled to represent total consumer spending. The share of online transactions in total consumption increased more in economies with...
Persistent link: https://www.econbiz.de/10013170539
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Will the AI revolution cause a great divergence?
Alonso, Cristian; Berg, Andrew; Kothari, Siddharth; … - 2020
This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...
Persistent link: https://www.econbiz.de/10012302048