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We evaluate the effects of aging on productivity using piece-rate earnings as a proxy for worker output. Our data … rates. The results indicate that productivity increases with age until age 40 after which it stays roughly constant. Wage … growth is faster than productivity growth for young workers but after age 40 both wages and productivity grow approximately …
Persistent link: https://www.econbiz.de/10013099111
In this article, we estimate age based wage and productivity differentials using linked employer-employee Canadian data … also depend on age. Results show concave age-wage and age-productivity profiles. Wage-productivity comparisons show that … the productivity of workers aged 55 and more with at least an undergraduate degree is lower than their wages. For other …
Persistent link: https://www.econbiz.de/10013317293
establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation …We analyze the welfare cost of inflation in a model with cash-in-advance constraints and an endogenous distribution of …
Persistent link: https://www.econbiz.de/10013154485
) shifts with productivity growth. On this basis we estimate a dynamic system of macrolabour equations to evaluate the slope of … the PC and explain the evolution of inflation and unemployment in the US from 1970 to 2006. Since our empirical …-run. Furthermore, during the stagflating 70s, the productivity slowdown contributed substantially to the increases in both unemployment …
Persistent link: https://www.econbiz.de/10013158034
The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise,...
Persistent link: https://www.econbiz.de/10013130458
We provide evidence that lower fertility can simultaneously increase income per capita and lower carbon emissions, eliminating a trade-off central to most policies aimed at slowing global climate change. We estimate the effect of lower fertility on carbon emissions accounting for the fact that...
Persistent link: https://www.econbiz.de/10012978164
According to recent UN projections more than 50 percent of the growth in world population over the next half century will be due to population growth in Africa. Given this, any policy that influences African demography will have a significant impact on the world distribution of income. In this...
Persistent link: https://www.econbiz.de/10013050612
escaping the Malthusian trap with high fertility and low productivity. A land reform provides peasant families higher returns … for their investments in land, encouraging them to increase their productivity of land rather than their family size. This … decreases fertility and increases productivity in agriculture in the short and long runs. The European demographic history …
Persistent link: https://www.econbiz.de/10013055912
Do populations grow as countries become richer? In this paper we estimate the effects on population growth of shocks to national income that are plausibly exogenous and unlikely to be driven by technological change. For a panel of over 139 countries spanning the period 1960-2007 we interact...
Persistent link: https://www.econbiz.de/10013080869
with the size of production units. These distortions lead to sharp reductions in plant productivity and the fraction of … are critical in accounting for the differences in size distribution between the U.S. and Japan …
Persistent link: https://www.econbiz.de/10013120407