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Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable gains in employment rates it had achieved during the 1990s, with major contractions in manufacturing … employment being a prime contributor to the slump. The U.S. employment "sag" of the 2000s is widely recognized but poorly …
Persistent link: https://www.econbiz.de/10013048616
(TFP) that are common across countries. We find that automation displaces employment and reduces labor's share of value …-added in the industries in which it originates (a direct effect). In the case of employment, these own-industry losses are … employment across industries and the aggregate fall in the labor share over the last three decades. It does not, however, explain …
Persistent link: https://www.econbiz.de/10012913781
, fertility and children's living circumstances during 1990-2014. On average, trade shocks differentially reduce employment and …
Persistent link: https://www.econbiz.de/10012962728
The goal of this paper is to ascertain whether older women's current and anticipated future labor force patterns have changed over time, and if so, to evaluate the factors associated with longer work lives and plans to continue work at older ages. Using data from both the Health and Retirement...
Persistent link: https://www.econbiz.de/10012983661
less skilled and their employment responses to adverse employment shocks. Following program liberalization in 1984, DI …
Persistent link: https://www.econbiz.de/10013233726
Theory predicts that mandated employment protections may reduce productivity by distorting production choices. Firms … Business Database, our estimates suggest that wrongful-discharge protections reduce employment flows and firm entry rates … mandated employment protections reduce productive efficiency as theory would suggest. However, our analysis also presents some …
Persistent link: https://www.econbiz.de/10012760431
Seeking to reach the unbanked, the United States Postal Savings System provided a federally insured savings alternative to traditional banks. Using novel datasets on postal deposits, demographic characteristics, and banks, we study how and by whom the System was used. We find the program was...
Persistent link: https://www.econbiz.de/10012871143
-level and technology class-level patent production. Accompanying this fall in innovation, global employment, sales …
Persistent link: https://www.econbiz.de/10012978100
We use a novel data set spanning 1820-1910 to examine the origins of bank supervision and assess factors leading to the creation of formal bank supervision across U.S. states. We show that it took more than a century for the widespread adoption of independent supervisory institutions tasked with...
Persistent link: https://www.econbiz.de/10013045278
The institutional arrangements governing the creation of money in the United States have changed dramatically since the Revolution. Yet beneath the surface the story of wartime money creation has remained much the same. During wars against minor powers, the government was able to fund the war by...
Persistent link: https://www.econbiz.de/10013021872