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This paper studies structural transformation of Soviet Russia in 1928-1940 from an agrarian to an industrial economy through the lens of a two-sector neoclassical growth model. We construct a large dataset that covers Soviet Russia during 1928-1940 and Tsarist Russia during 1885-1913. We use a...
Persistent link: https://www.econbiz.de/10013076184
Soviet growth over 1960-89 was the worst in the world after we control for investment and human capital; the relative performance worsens over time. The declining Soviet growth rate over 1950-87 is explained by the declining marginal product of capital; the rate of TFP growth is roughly constant...
Persistent link: https://www.econbiz.de/10013311878
This paper is concerned with the growth of individual earnings over time. Four aspects of time are distinguished: experience, age, vintage and calendar year. The first section of the paper provides a brief outline of a theory of planned growth in earnings. The second and main section of the...
Persistent link: https://www.econbiz.de/10013227222
The object of this paper is to show how population growth, through its interaction with recent technological and organizational developments, can account for many of the cross-country differences in economic outcome observed among industrialized countries over the last 20 years. In particular,...
Persistent link: https://www.econbiz.de/10013234366
During the past decade, much has been said about the role that on-the-job training plays in augmenting one's stock of human capital. Up to this point, little has been done to distinguish the effect of on-the-job training from that of aging on the increase in human wealth. The reason rests...
Persistent link: https://www.econbiz.de/10013215379
This paper studies the evolution of income concentration in Japan from 1886 to 2002 by constructing long-run series of top income shares and top wage income shares, using income tax statistics. We find that (1) income concentration was extremely high throughout the pre-WWII period during which...
Persistent link: https://www.econbiz.de/10012754115
individual wages throughout the whole distribution increase as average firm wages increases, but the spread increases too. Firm … of average change in wages. Worker-based statistics, on the other side, show that relative changes in individual wages … a higher responsiveness. Both facts are at odds with the often reported rigidity of Italian wages. Indeed, the detected …
Persistent link: https://www.econbiz.de/10012760186
finding of zero growth in American real wages since the 1970s is driven in part by the choice of the CPI-U as the price … deflator such as the Personal Consumption Expenditures index (PCE) yields modest growth in real wages and in median household …
Persistent link: https://www.econbiz.de/10012959376
-skilled workers, while aggregate real wages are only mildly procyclical. Similar patterns appear in a balanced panel of PSID … respondents that removes the effects of changing workforce composition, though the magnitude of the responsiveness of real wages …
Persistent link: https://www.econbiz.de/10013310125
This paper combines national accounts, survey, wealth and fiscal data (including recently released tax data on high-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in Russia from the Soviet period until the present day. We find...
Persistent link: https://www.econbiz.de/10012949409