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Aggregate productivity growth in the U.S. has slowed down since the 2000s. We quantify the importance of differential productivity growth across occupations and across industries, and the rise of computers since the 1980s, for the productivity slowdown. Complementarity across occupations and...
Persistent link: https://www.econbiz.de/10012926403
We live in an age of paradox. Systems using artificial intelligence match or surpass human level performance in more and more domains, leveraging rapid advances in other technologies and driving soaring stock prices. Yet measured productivity growth has declined by half over the past decade, and...
Persistent link: https://www.econbiz.de/10012944144
We explore the possibility that a global productivity slowdown is responsible for the widespread decline in the labor share of national income. In a neoclassical growth model with endogenous human capital accumulation a la Ben Porath (1967) and capital-skill complementarity a la Grossman et al....
Persistent link: https://www.econbiz.de/10012947005
adulthood in worse health and with less education than wealthier children, these results indicate that a key determinant of …We quantify the lasting effects of childhood health and economic circumstances on adult health and earnings, using data …, educations and social status, that children who experience poor health have significantly lower educational attainment, and …
Persistent link: https://www.econbiz.de/10013210652
education and marital status though the marital effects are much weaker when we condition for prior health. These effects … health conditioned on prior health as well as the more usual unconditioned estimates. We find that health is related to … in the state of poor health rather than dying …
Persistent link: https://www.econbiz.de/10013243967
-being reflected by their health and cognitive development. I pay a good deal of attention to the effects of education on health …I explore the effects of education on nonmarket outcomes from both theoretical and empirical perspectives. Examples of … over time, own (adult) health and inputs into the production of own health, fertility, and child quality or well …
Persistent link: https://www.econbiz.de/10013245743
Throughout history, technological progress has transformed population health, but the distributional effects of these … gains are unclear. New substitutes for older, more expensive health technologies can produce convergence in population … health outcomes, but may also be prone to “elite capture” leading to divergence. This paper studies the case of penicillin …
Persistent link: https://www.econbiz.de/10012893126
lt;script type=quot;text/javascriptquot; src=quot;https://cdnjs.cloudflare.com/ajax/libs/mathjax/2.7.1/MathJax.js?config=AM_HTMLorMML-fullquot;gt;lt;/scriptgt;In our opinion, the trend in the BMI values of US children has not been estimated accurately. We use five models to estimate the BMI...
Persistent link: https://www.econbiz.de/10012759439
technical progress (some of which is induced by income and facilitated by education) as the ultimate determinant of health. Such … years. This difference persists despite the remarkable progress in health improvement in the last half century, at least … downplay direct causal mechanisms running from income to health …
Persistent link: https://www.econbiz.de/10012761777
consumption. We investigate whether an aggregate health production function can help to explain the substantial fluctuations in … the rate of increase in longevity since 1960. We view longevity as the output of the health production function, and … models using annual U.S. time-series data on life expectancy, health expenditure, and medical innovation. Reliable annual …
Persistent link: https://www.econbiz.de/10013224922