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We develop a dynamic microsimulation model to project the labor force and economic dependency ratios in the United States from 2022 to 2060, taking population projections and the large inequalities between population groups of different race/ethnicity and gender into account. We contrast policy...
Persistent link: https://www.econbiz.de/10014576619
Population aging is widely assumed to have detrimental effects on economic growth yet there is little empirical evidence about the magnitude of its effects. This paper starts from the observation that many U.S. states have already experienced substantial growth in the size of their older...
Persistent link: https://www.econbiz.de/10012456225
Moving labor from agriculture to manufacturing - "industrialization" - is often viewed as essential for the development … Development Centre and build a new dataset of comparable labor productivity levels in agriculture and manufacturing for 64 mostly …
Persistent link: https://www.econbiz.de/10013172134
Agriculture dominated the economy of eighteenth-century British America, and the pace of agricultural productivity …
Persistent link: https://www.econbiz.de/10012470345
Recent research has pointed to large gaps in labor productivity between the agricultural and nonagricultural sectors in low-income countries, as well as between workers in rural and urban areas. Most estimates are based on national accounts or repeated cross-sections of micro-survey data, and as...
Persistent link: https://www.econbiz.de/10012455428
agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural …
Persistent link: https://www.econbiz.de/10012459033
Developing countries employ a very large share of their workforce in agriculture, a sector in which their labor … productivity is particularly low. We take a macroeconomic approach to analyze the role of agriculture in development. We construct … dramatically relative to labor prices; concurrently, capital and intermediate input use in agriculture increases by a factor of 300 …
Persistent link: https://www.econbiz.de/10014250119
An observed positive relationship between compensation and productivity cannot distinguish between two channels: (1) an incentive effect and (2) worker selection. We use a simplified Becker-DeGroot-Marschak mechanism, which provides random variation in piece rates conditional on revealed...
Persistent link: https://www.econbiz.de/10012458839
This paper assesses the impact of the post WWII baby boom on relative wages, when this baby boom cohort becomes the oldest segment of the workforce. Time series data are used to estimate a model of the demand for workers in eight age/sex groupings. Using these estimates, we simulate relative...
Persistent link: https://www.econbiz.de/10012476566
India started the implementation of a rural public works program in 2006, covering all districts of the country within three years. The program quarantees 100 days of employment per year at minimum wage to each rural household on demand, with the goal of reducing joblessness and poverty. We...
Persistent link: https://www.econbiz.de/10012456178