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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 in this respect is their different labor market policies. European …
Persistent link: https://www.econbiz.de/10012466081
survey conducted in China, India, Japan, and the United States. It finds striking inter-country differences in bequest plans …
Persistent link: https://www.econbiz.de/10012458506
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
China and India have been particularly strong. Then workers in occupations that are exposed to inshoring and offshore …We examine the impact on U.S. labor markets of offshore outsourcing in services to China and India. We also consider … China and India. Using March-to-March matched CPS data for 1996-2006 we examine the impacts on (1) occupation and industry …
Persistent link: https://www.econbiz.de/10012464585
. Diamond (1997) famously argued that "fractured land" was responsible for China's tendency toward political unification and … Europe's protracted political fragmentation. We build a dynamic model with granular geographical information in terms of … state formation in Eurasia. We find that either topography or productive land alone is sufficient to account for China …
Persistent link: https://www.econbiz.de/10012481077
differences between Imperial China and Premodern Europe, as well as specific institutions such as the bureaucracy in China and the … role of cities in Europe. It is also consistent with the observation that autocratic rule was more stable in Imperial China …-development institutions, how should one understand why Imperial China, with weaker rule of law and property rights, gave the commoners more …
Persistent link: https://www.econbiz.de/10012482621
compares the actual performance of markets in Europe and China, two regions of the world that were relatively advanced in the … findings suggest that relative levels of market function in China and Europe were similar prior to the Industrial Revolution …Prevailing views suggest the Industrial Revolution began in Europe because markets had gradually become more efficient …
Persistent link: https://www.econbiz.de/10012467912
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
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...
Persistent link: https://www.econbiz.de/10012794576