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Endogenous Capital Utilization and Productivity Measurement in Dynamic Factor Demand Models : Theory and an Application to the U.S. Electrical

Prucha, Ingmar R. - 2010

Studies of the firm's demand for factor inputs often assume a constant rate of utilization of the inputs and ignore the fact that the firm can simultaneously choose the level and the rate of utilization of its inputs. In particular, the literature on dynamic factor demand models has, until...

Persistent link: https://www.econbiz.de/10013139928

Financial Literacy and Retirement Planning in the United States

Lusardi, Annamaria - 2011

We examine financial literacy in the United States using the new National Financial Capability Study, wherein we demonstrate that financial literacy is particularly low among the young, women, and the less-educated. Moreover, Hispanics and African-Americans score the least well on financial...

Persistent link: https://www.econbiz.de/10013124228

U.S. Economic Activity During the Early Weeks of the Sars-Cov-2 Outbreak

Lewis, Daniel J. - 2020

This paper describes a weekly economic index (WEI) developed to track the rapid economic developments associated with the response to the novel Coronavirus in the United States. The WEI shows a strong and sudden decline in economic activity starting in the week ending March 21, 2020. In the most...

Persistent link: https://www.econbiz.de/10012837195

Production, Financial Structure and Productivity Growth in U.S. Manufacturing

Bernstein, Jeffrey I. - 2008

The purpose of this paper is to estimate a model that incorporates the effects of financial decisions on production, profitability, and productivity growth. Asymmetric information generates agency costs of debt and signaling benefits of dividends which then influence production decisions. The...

Persistent link: https://www.econbiz.de/10012774849

Why Has U.S. Inflation Become Harder to Forecast?

Stock, James H. - 2010

Forecasts of the rate of price inflation play a central role in the formulation of monetary policy, and forecasting inflation is a key job for economists at the Federal Reserve Board. This paper examines whether this job has become harder and, to the extent that it has, what changes in the...

Persistent link: https://www.econbiz.de/10012761277

Contributions and Determinants of Research and Development Expenditures in the U.S. Manufacturing Industries

Nadiri, M. Ishaq - 2010

employment and capital stocks are the factors affecting Ramp;D expenditures. The effect of government financing of Ramp;D on …

Persistent link: https://www.econbiz.de/10012763464

The Effects of Public Infrastructure and R&D Capital on the Cost Structure and Performance of U.S. Manufacturing Industries

Nadiri, M. Ishaq; Mamuneas, Theofanis P. - 2021

In this paper the authors examine the effects of publicly financed infrastructure and R&D capitals on the cost structure and productivity performance of twelve two-digit U.S. manufacturing industries. The results suggest that there are significant productive effects from these two types of...

Persistent link: https://www.econbiz.de/10013216117

Pensions and the U.S. Labor Market

Gustman, Alan L.; Mitchell, Olivia S. - 2021

market. Available evidence indicates that pensions must be viewed as part of a long-term employment relation. For this reason … and employment Combining information on employee characteristics, turnover and retirement patterns, company inputs and …-side information with employment and wage histories of employees …

Persistent link: https://www.econbiz.de/10013216869

Comparison and Analysis of Productivity Growth and R&D Investment in Theelectrical Machinery Industries of the United States and Japan

Nadiri, M. Ishaq; Prucha, Ingmar R. - 2021

This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital formation in both countries. A substantial amount of...

Persistent link: https://www.econbiz.de/10013218546

Estimation of the Depreciation Rate of Physical and R&D Capital in the U.S. Total Manufacturing Sector

Nadiri, M. Ishaq; Prucha, Ingmar R. - 2021

Numerous studies on production and cost, the sources of productivity and studies on endogenous growth have recognized the pivotal role of the physical capital stock. Also there is a clear recognition by economists and policy makers that knowledge capital approximated by R&D capital is crucial...

Persistent link: https://www.econbiz.de/10013219190