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greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …
Persistent link: https://www.econbiz.de/10013239186
The structure of wages narrowed considerably during the 1940's, increased slightly during the 1950's and 1960's, and then expanded greatly after 1970. The era of wage stretching of the past two decades has been a current focus, but we return attention here to the decade that was witness to an...
Persistent link: https://www.econbiz.de/10013224691
Sectoral wage gaps for workers of comparable skill are central to issues in economic development and economic history. This paper presents new archival evidence on the farm-nonfarm wage gap for the United States just prior to the American Civil War. Measured at the level of local labor markets,...
Persistent link: https://www.econbiz.de/10013212927
This paper studies the dynamic behavior of changes in productivity, wages, and prices. Results are based on a new data set that allows a consistent analysis of the aggregate economy, the manufacturing sector, and the nonmanufacturing sector. Results are presented for the U. S., Japan, and an...
Persistent link: https://www.econbiz.de/10013244903
We examine the role of the ICT revolution in driving productivity growth behavior for the United States and an aggregate of ten Western European nations (the EU-10) from 1977 to 2015. We find that the standard growth accounting approach is deficient when it separates sources of growth between...
Persistent link: https://www.econbiz.de/10013312125