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The Allocation of Talent and U.S. Economic Growth
Hsieh, Chang-Tai - 2013
Over the last 50 years, there has been a remarkable convergence in the occupational distribution between white men, women, and blacks. We measure the macroeconomic consequences of this convergence through the prism of a Roy model of occupational choice in which women and blacks face frictions in...
Persistent link: https://www.econbiz.de/10013088678
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The Future of U.S. Economic Growth
Fernald, John G. - 2015
Modern growth theory suggests that more than 3/4 of growth since 1950 reflects rising educational attainment and research intensity. As these transition dynamics fade, U.S. economic growth is likely to slow at some point. However, the rise of China, India, and other emerging economies may allow...
Persistent link: https://www.econbiz.de/10013034346
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The Upcoming Slowdown in U.S. Economic Growth
Jones, Charles I. - 2021
research intensity, and the increased openness and development of the world economy. Such changes suggest, contrary to the … conventional view, that the U.S. economy is far from its steady state balanced growth path. The theoretical framework analyzed here … provides a coherent interpretation of this evidence and indicates that when these increases cease and the U.S. economy reaches …
Persistent link: https://www.econbiz.de/10013243934