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Trade policy depends on the extent to which the government wants to redistribute income as well as on a country's overall factor endowments and their distribution. While the government's desire to redistribute income itself is dependent on asset distribution, it is to a large extent also driven...
Persistent link: https://www.econbiz.de/10012468610
Using revised, updated, and consistent annual post-World War II data from the G-7 countries developed by us, we econometrically estimate and test alternative explanations of the structure of economic growth in a model with three inputs tangible capital, labor, and human capital which permits the...
Persistent link: https://www.econbiz.de/10012470707
though the unemployment rate has returned to its pre-recession levels in many advanced countries, underemployment in most has …We produce estimates for a new, and better, underemployment rate for twenty-five European countries. In most … underemployment remains elevated. We provide evidence for the UK and the US as well as some international evidence that …
Persistent link: https://www.econbiz.de/10012480582
Wage gaps between workers with a college or graduate degree and those with only a high school degree rose rapidly in the United States during the 1980s. Since then, the rate of growth in these wage gaps has progressively slowed, and though the gaps remain large, they were essentially unchanged...
Persistent link: https://www.econbiz.de/10012455745
What determines employee preferences for unionizing their workplaces? A substantial literature addresses this question with surveys on worker attitudes and pay. Unionization drives at the Universities of Minnesota and Washington have given rise to open letters of support or opposition from over...
Persistent link: https://www.econbiz.de/10012456526
Since the early 50s, the percent of the workforce organized by unions has declined considerably. In the most recent decade that rate of decline has accelerated sharply. In an attempt to discover what factors can account for the overall decline and the further deterioration during the 70s, we...
Persistent link: https://www.econbiz.de/10012477821
This paper examines available industry data on two profitability measures, the price-cost margin and the ratio of quasi-rents to capital, for the purpose of determining the effect of unionism on profits. It finds that unionism reduces profitability and that this effect occurs in highly...
Persistent link: https://www.econbiz.de/10012477936
Labor unions play a central role in the Democratic party coalition, providing candidates with voters, volunteers, and contributions, as well as lobbying policymakers. Has the sustained decline of organized labor hurt Democrats in elections and shifted public policy? We use the enactment of...
Persistent link: https://www.econbiz.de/10012453455
This paper examines the role of spillover effects of minimum wages and threat effects of unionization in changes in wage inequality in the United States between 1979 and 2017. A distribution regression framework is introduced to estimate both types of spillover effects. Threat effects double the...
Persistent link: https://www.econbiz.de/10012482593
Low-quality patents are of considerable concern to businesses operating in patent-dense markets. There are two pathways by which low-quality patents may be issued: the patent office may apply systematically a standard that is too lenient (low inventive step threshold); or the patent office may...
Persistent link: https://www.econbiz.de/10012456431