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Spillovers, Linkages, and Productivity Growth in the US Economy, 1958 to 2007

Wolff, Edward N. - 2011

I speculate that technological spillover effects may have become more important over time as IT penetrated the U.S. economy. The rationale is that IT may speed up the process of knowledge transfer and make these knowledge spillovers more effective. Using US input-output tables for years 1958,...

Persistent link: https://www.econbiz.de/10012461794

The Vintage Effect in TFP Growth : An Analysis of the Age Structure of Capital

Gittleman, Maury - 2003

The age structure of capital plays an important role in the measurement of productivity. It has been argued that the … productivity measurement. A proposition proves that Nelson's (1964) formula is wrong. Our final proposition shows that inclusion of … the vintage effect prompts an upward correction of measured productivity growth in times of an aging stock of capital …

Persistent link: https://www.econbiz.de/10012468930

Productivity, Computerization, and Skill Change

Wolff, Edward N. - 2002

is positively related to industry productivity growth. The effects are very modest -- adding at most 0.07 percentage … points to annual labor productivity growth …

Persistent link: https://www.econbiz.de/10012469972

Multinational Corporations and Productivity Convergence in Mexico

Blomstrom, Magnus - 1989

This paper examines the impact of the operations of foreign-owned multinational firms on the productivity growth of …-owned firms affects the productivity of local firms in that sector and whether there is any evidence of convergence between that … industry's productivity level and that of the United States. The main results can be summarized as follows: First, productivity …

Persistent link: https://www.econbiz.de/10012475902

Early Health Shocks, Intrahousehold Resource Allocation, and Child Outcomes

Yi, Junjian - 2014

An open question in the literature is whether families compensate or reinforce the impact of child health shocks. Discussions usually focus on one dimension of child investment. This paper examines multiple dimensions using household survey data on Chinese child twins whose average age is 11. We...

Persistent link: https://www.econbiz.de/10012457909

Inflation, Interest, and the Secular Rise in Wealth Inequality in the U.S : Is the Fed Responsible?

Wolff, Edward N. - National Bureau of Economic Research - 2021

Two hallmarks of U.S. monetary policy since the 1981-1982 recession have been declining interest rates and moderation in inflation. Coincident with these trends has been a surge in U.S. wealth inequality, with the Gini coefficient up by 0.070 between 1983 and 2019. This paper analyzes the...

Persistent link: https://www.econbiz.de/10012660070

Income and Wealth Volatility : Evidence from Italy and the U.S. in the Past Two Decades

D'Ambrosio, Conchita - 2019

Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth inequality and dynamics. Here we analyse the two concepts in a comparative perspective for the same individuals in Italy and the U.S. over the last two decades. Contrary to our...

Persistent link: https://www.econbiz.de/10012480471

Wealth Taxation in the United States

Wolff, Edward N. - 2019

The paper analyzes the fiscal effects of a Swiss-type tax on household wealth, with a $120,000 exemption and marginal tax rates running from 0.05 to 0.3 percent on $2,400,000 or more of wealth. It also considers a wealth tax proposed by Senator Elizabeth Warren with a $50,000,000 exemption, a...

Persistent link: https://www.econbiz.de/10012480488

Household Wealth Trends in the United States, 1962 to 2019 : Median Wealth Rebounds... But Not Enough

Wolff, Edward N. - National Bureau of Economic Research - 2021

Median household wealth shot up by 21.2 percent in real terms between 2016 and 2019, as asset prices continued to rebound. However, 2007 still remains the watershed year, and median wealth was down 20.4 percent relative to 2007, though mean wealth more than fully recovered. There was a modest...

Persistent link: https://www.econbiz.de/10012482601

Household Wealth Trends in the United States, 1962 to 2016 : Has Middle Class Wealth Recovered?

Wolff, Edward N. - 2017

Asset prices plunged between 2007 and 2010 but then rebounded from 2010 to 2016. The most telling finding is that median wealth plummeted by 44 percent over years 2007 to 2010. The inequality of net worth, after almost two decades of little movement, went up sharply from 2007 to 2010, and...

Persistent link: https://www.econbiz.de/10012453628