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The US Productivity Slowdown, the Baby Boom, and Management Quality

Feyrer, James - National Bureau of Economic Research (NBER) - 2009

productivity slowdown in the 1970s and resurgence in the 1990s. Lucas (1978) suggests that the quality of managers plays a … influx of young workers will lower the overall quality of management and lower total factor productivity. Census data shows …, increasing managerial quality and raising total factor productivity. Using the Lucas model as a framework, a calibrated model of …

Persistent link: https://www.econbiz.de/10008634655

Defying Gravity: How Long Will Japanese Government Bond Prices Remain High?

Hoshi, Takeo; Ito, Takatoshi - National Bureau of Economic Research (NBER) - 2012

Recent academic papers have shown that the Japanese sovereign debt situation is not sustainable. The puzzle is that the bond rate has remained low and stable. Some suggest that the low yield can be explained by domestic residents' willingness to hold Japanese government bonds (JGBs) despite its...

Persistent link: https://www.econbiz.de/10010951172

The Impact of Biomedical Knowledge Accumulation on Mortality: A Bibliometric Analysis of Cancer Data

Lichtenberg, Frank - National Bureau of Economic Research (NBER) - 2013

I examine the relationship across diseases between the long-run growth in the number of publications about a disease and the change in the age-adjusted mortality rate from the disease. The diseases analyzed are almost all the different forms of cancer, i.e. cancer at different sites in the body...

Persistent link: https://www.econbiz.de/10010969223

The Effect of Pharmaceutical Innovation on Longevity: Patient-Level Evidence from the 1996-2002 Medical Expenditure Panel Survey and Linked Mortality Public-Use Files

Lichtenberg, Frank - National Bureau of Economic Research (NBER) - 2012

We investigate the effect of the vintage (year of FDA approval) of the prescription drugs used by an individual on his or her survival and medical expenditure. When we only control for age, sex, and interview year, we estimate that a one-year increase in drug vintage increases life expectancy by...

Persistent link: https://www.econbiz.de/10010969419

Pharmaceutical Innovation and Longevity Growth in 30 Developing and High-income Countries, 2000-2009

Lichtenberg, Frank - National Bureau of Economic Research (NBER) - 2012

I examine the impact of pharmaceutical innovation, as measured by the vintage (world launch year) of prescription drugs used, on longevity using longitudinal, country-level data on 30 developing and high-income countries during the period 2000-2009. I control for fixed country and year effects,...

Persistent link: https://www.econbiz.de/10011265738

Pharmaceutical innovation and the longevity of Australians: a first look

Lichtenberg, Frank; Duflos, Gautier - National Bureau of Economic Research (NBER) - 2008

We examine the impact of pharmaceutical innovation on the longevity of Australians during the period 1995-2003. Due to the government's Pharmaceutical Benefits Scheme, Australia has much better data on drug utilization than most other countries. We find that mean age at death increased more for...

Persistent link: https://www.econbiz.de/10005248962

The Impact of Therapeutic Procedure Innovation on Hospital Patient Longevity: Evidence from Western Australia, 2000-2007

Lichtenberg, Frank - National Bureau of Economic Research (NBER) - 2011

We investigate the effect of therapeutic procedure innovation in general on the longevity of all hospital patients, i.e. patients with a variety of medical conditions. The analysis is based on data on over one million discharges from public and private hospitals in Western Australia (WA) during...

Persistent link: https://www.econbiz.de/10009294556

The Rise of Services: the Role of Skills, Scale, and Female Labor Supply

Kaboski, Joseph P.; Buera, Francisco J.; Zhao, Min Qiang - National Bureau of Economic Research (NBER) - 2013

This paper quantifies the roles of increases in the demand for skill-intensive output, the efficient scale of service production, and female labor supply in the growth of services. We extend the Buera and Kaboski (2012a,b) model to a two-person household, incorporating a joint decision on home...

Persistent link: https://www.econbiz.de/10010692230

Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits

Galor, Oded; Michalopoulos, Stelios - National Bureau of Economic Research (NBER) - 2011

This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human...

Persistent link: https://www.econbiz.de/10009021950

Age and the Trying Out of New Ideas

Packalen, Mikko; Bhattacharya, Jay - National Bureau of Economic Research (NBER) - 2015

Older scientists are often seen as less open to new ideas than younger scientists. We put this assertion to an empirical test. Using a measure of new ideas derived from the text of nearly all biomedical scientific articles published since 1946, we compare the tendency of younger and older...

Persistent link: https://www.econbiz.de/10011159890

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