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potential long-run impact on individuals over decades and even generations. History, however, offers a solution. Historical …
Persistent link: https://www.econbiz.de/10012823387
In a famous paper, Kenneth Sokoloff argued that the labor input of entrepreneurs was generally not included in the count of workers in manufacturing establishments in the early censuses of manufacturing. According to Sokoloff, this biased downward econometric estimates of economies of scale if...
Persistent link: https://www.econbiz.de/10013080210
Two recent meta-analyses use variants of the Baily, Hulten, and Campbell (1992) (BHC) decompositions to ask whether recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input reallocation. They find weak gains from measured...
Persistent link: https://www.econbiz.de/10013012453
Has leisure increased over the last century? Standard measures of hours worked suggest that it has. In this paper, we develop a comprehensive measure of non-leisure hours that includes market work, home production, commuting and schooling for the last 105 years. We also present empirical and...
Persistent link: https://www.econbiz.de/10013252327
The stability of the labor share of income is a key foundation in macroeconomic models. We document, however, that the global labor share has significantly declined since the early 1980s, with the decline occurring within the large majority of countries and industries. We show that the decrease...
Persistent link: https://www.econbiz.de/10013035476
This paper examines cross-country differences in labour policies and practices and employee performance and attitudes … employee reports on the quality of labour-management relations and establishment average measures of employee performance 4) a … relation between country level performance in the firm and measures of the extent of national labour regulations or practices …
Persistent link: https://www.econbiz.de/10012759954
countries around the world, covering issues such as freedom of association, the regulation of work contracts, employee benefits …) and competitiveness (World Economic Forum). Although our pool of respondents differs greatly from the conservative … foundations and business leaders who contribute respectively to the Fraser Institute and World Economic Forum reports, the GLS and …
Persistent link: https://www.econbiz.de/10013240988
This paper reviews the theoretical arguments for and against linking international labor standards to trade. Based on theory alone it is difficult to generalize about the effect of labor standards on efficiency and equity. Some economists have argued that international labor standards are merely...
Persistent link: https://www.econbiz.de/10013313652
hedge. We also explore valuation. The real price of gold is currently high compared to history. In the past, when the real …
Persistent link: https://www.econbiz.de/10013088402
Between 1870 and 1913, economic convergence among present OECD members (or even a wider sample of countries) was dramatic, about as dramatic as it has been over the past century and a half. The convergence can be documented in GDP per worker-hour, GDP per capita and in real wages. What were the...
Persistent link: https://www.econbiz.de/10013093434