Showing 1 - 10 of 1,741
-sector neoclassical framework with agriculture and non-agriculture, we derive the productivity-adjusted aggregate labor income share in … terms of the agricultural productivity gap, and the labor income share in non-agriculture and value-added factor shares. We … theory-based adjustment to our data, the average values for the aggregate and agricultural productivity-adjusted labor income …
Persistent link: https://www.econbiz.de/10012829919
with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a … (or, equivalently, the wage-productivity gap) deserves the attention of policy makers …
Persistent link: https://www.econbiz.de/10013139711
The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...
Persistent link: https://www.econbiz.de/10012956029
labour costs. Under simple assumptions, up to a certain threshold, technological innovation improves productivity, wages and … and a productivity slowdown, despite greater job strain. The model suggests the possibility of a third phase in which … productivity and wages recover …
Persistent link: https://www.econbiz.de/10013314786
, wage and productivity in the Belgian private sector. More precisely, we examine how changes in the proportions of young (16 …-29 years), middle-aged (30-49 years) and older (more than 49 years) workers affect the productivity of firms and test for the … presence of productivity-wage gaps. Results (robust to various potential econometric issues, including unobserved firm …
Persistent link: https://www.econbiz.de/10013120830
We study how workers' wages respond to TFP-driven innovations in firms' labor productivity. Using unique data with … of physical (as opposed to revenue) TFP to instrument labor productivity in the wage equations. We find that the reaction … of wages to sectoral labor productivity is almost three times larger than the response to pure idiosyncratic (firm …
Persistent link: https://www.econbiz.de/10013124492
between wage/productivity differentials and the firm's labor composition in terms of part-time and sex. Findings suggest that … lower wages for women, relatively higher productivity for part-timers). Interactions between gender and part-time suggest … that the positive productivity effect is driven by male part-timers working more than 25 hours, whereas the share of female …
Persistent link: https://www.econbiz.de/10013071749
In many OECD countries, low productivity growth has coincided with rising inequality. Widening wage and productivity … productivity-related premia that firms pay their workers above common market wages. The remaining third can be attributed to …
Persistent link: https://www.econbiz.de/10012834584
This paper is one of the first to estimate how the region in which an establishment is located affects its productivity …, wage cost and cost competitiveness (i.e. its productivity-wage gap). To do so, we use detailed linked employer … productivity and wages are significant but vanish almost totally, both in industry and services, when controlling for a wide range …
Persistent link: https://www.econbiz.de/10012979846
among youngsters and women. Policies aiming to increase their employability either try to foster their productivity and …/or to decrease their wage cost. Yet, the evidence on the misalignment between education-induced productivity gains and … impact of education on productivity, wage costs and productivity-wage gaps (i.e. profits) using rich Belgian linked employer …
Persistent link: https://www.econbiz.de/10013022658