Showing 1 - 10 of 2,446
We study the productivity-pay relationship in the United States and Canada along two dimensions. The first is … divergence: the degree to which the levels of productivity and pay have diverged. The second is delinkage: the degree to which … incremental increases in the rate of productivity growth translate into incremental increases in the rate of growth of pay …
Persistent link: https://www.econbiz.de/10012794576
We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and … it ignores the additional capital formation made possible by an increase in productivity and therefore understates … productivity's true importance. Our estimates suggest that the understatement may be quite large, and that one might better ask if …
Persistent link: https://www.econbiz.de/10012471341
productivity across the region. One of the striking patterns that emerges is how the extent of openness and the competitiveness of … markets affects the relative productivity of firms across the region. Firms with foreign ownership and firms that export are … significantly more productive, and the productivity gap is larger the less developed is the local market. We exploit the rich set of …
Persistent link: https://www.econbiz.de/10012469820
A substantial part of international differences in prices of individual products, both goods and services, can be explained by differences in per capita income, wage compression, or low wage dispersion among low-wage workers, and short-term exchange rate fluctuations. Higher per capita income is...
Persistent link: https://www.econbiz.de/10012465414
In a collaborative project with ten central banks, we have investigated the causes of the post-pandemic global inflation, building on our earlier work for the United States. Globally, as in the United States, pandemic-era inflation was due primarily to supply disruptions and sharp increases in...
Persistent link: https://www.econbiz.de/10014544809
The purpose of this paper was to investigate whether there is a relationship between the degree of wage dispersion in a country and its price level relative to other countries, compared in a common currency. It was found that once a country's real per capita income and deviations of its exchange...
Persistent link: https://www.econbiz.de/10012472778
Resource misallocation can lower aggregate total factor productivity (TFP). We use micro data on manufacturing … establishments to quantify the potential extent of misallocation in China and India compared to the U.S. Compared to the U.S., we … measure sizable gaps in marginal products of labor and capital across plants within narrowly-defined industries in China and …
Persistent link: https://www.econbiz.de/10012465360
Many low skilled jobs have been substituted away for machines in Europe, or eliminated, much more so than in the US, while technological progress at the "top", i.e. at the high-tech sector, is faster in the US than in Europe. This paper suggests that the main difference between Europe and the US...
Persistent link: https://www.econbiz.de/10012466081
We study whether current spending levels and public knowledge of them contribute to transatlantic differences in policy preferences by implementing parallel survey experiments in Germany and the United States. In both countries, support for increased education spending and teacher salaries falls...
Persistent link: https://www.econbiz.de/10012455872
present data on capital output ratios, on estimated productivity levels and on patent creation, which support the predictions …
Persistent link: https://www.econbiz.de/10012457825