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Although the official statistics imply that the rate of growth of real GDP in the United States has declined in recent years, it has still been substantially higher than the real growth rates in Europe and the other industrial countries, leading to higher real per capita incomes. This paper...
Persistent link: https://www.econbiz.de/10012960796
As much like other industrialized countries, in recent decades the employment rate in Germany for those aged 55 to 69 …”. We find that for both men and women the increase in the employment rate coincides with a reduction in the early …
Persistent link: https://www.econbiz.de/10013297685
employment rates, a poorer performance in terms of wage growth for less skilled workers, a larger increase in the service sector … comparative study of observed developments in the US, UK and Germany since the mid-seventies, complemented by an examination of … broad wage and employment changes for 18 OECD countries over the same period …
Persistent link: https://www.econbiz.de/10013234366
.5 percent below the 1990 peak and a mere one percent above the 1993 trough. Employment rates tell a similar story. Our …
Persistent link: https://www.econbiz.de/10012760495
best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude …
Persistent link: https://www.econbiz.de/10013135399
Chile and Mexico experienced severe economic crises in the early 1980s. This paper analyzes four possible explanations for why Chile recovered much faster than did Mexico. Comparing data from the two countries allows us to rule out a monetarist explanation, an explanation based on falls in real...
Persistent link: https://www.econbiz.de/10012774728
Unlike most cross-country growth analyses, we focus on turning points in growth performance. We look for instances of rapid acceleration in economic growth that are sustained for at least eight years and identify more than 80 such episodes since the 1950s. Growth accelerations tend to be...
Persistent link: https://www.econbiz.de/10013321621
We define the Fisherian Golden Rule measure of bond market inflation expectations as the difference between bond rates and trend real GDP growth rates. The concept is based on the Fisherian theory that an increase in longer-term inflation expectations would be reflected in longer-term interest...
Persistent link: https://www.econbiz.de/10012786913
Greater job creation in the US than in Germany has often been related to greater wage dispersion coupled with less … International Adult Literacy Survey we find that employment of skilled to unskilled labour is unrelated to differences in skill … premium but that changes in relative employment are related to changes in relative wages raising the possibility of some …
Persistent link: https://www.econbiz.de/10013224929
This paper argues that labor market distortions in transition and developing economies help explain differential impacts of trade liberalization. We assume that workers differ in ability. In a market economy their earnings depend on their ability. However, earnings are independent of ability due...
Persistent link: https://www.econbiz.de/10013249346