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Technology Shocks and Aggregate Fluctuations : How Well Does the RBS Model Fit Postwar U.S. Data?
Gali, Jordi - 2004
Our answer: not so well. We reach that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...
Persistent link: https://www.econbiz.de/10012468056
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Labor Market Shocks and the Demand for Trade Protection : Evidence from Online Surveys
Tella, Rafael Di - 2019
protection. Demand for import protection increases significantly in all cases, except for the "bad management" shock. Trade … demand for protectionism than outsourcing to a developed country. The "bad management" shock is the only scenario that …
Persistent link: https://www.econbiz.de/10012479656
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Technology, Employment, and the Business Cycle : Do Technology Shocks Explain Aggregate Fluctuations
Gali, Jordi - 1996
positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …
Persistent link: https://www.econbiz.de/10012473117
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Local Shocks and Internal Migration : The Disparate Effects of Robots and Chinese Imports in the US
Faber, Marius; Sarto, Andrés P.; Tabellini, Marco - National Bureau of Economic Research - 2022
interpret our findings through the lens of a model that highlights two mechanisms: the cost savings that each shock provides and …
Persistent link: https://www.econbiz.de/10013210076
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Evaluating Labour Adjustment Costs from Trade Shocks : Illustrations for the U.S. Economy Using an Applied General Equilibrium Model With Transactions
Clarete, Ramon L. - 1994
This paper presents a general equilibrium approach to calculating labour adjustment costs induced by trade policy changes or external sector shocks, which we illustrate by analyzing the adjustment consequences of eliminating quotas and tariffs on U.S. imports. In our approach, factor adjustments...
Persistent link: https://www.econbiz.de/10012474306
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Changes in the Demand for Skilled Labor within U.S. Manufacturing Industries : Evidence from the Annual Survey of Manufacturing
Berman, Eli - 1993
This paper investigates the shift in demand towards skilled labor in U.S. manufacturing. Between 1979 and 1989. employment of production workers in manufacturing dropped by 2.2 mil1ion or 15 percent while employment of non-production workers rose by 3 percent. A decomposition of changing...
Persistent link: https://www.econbiz.de/10012474707
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Automation and Rent Dissipation : Implications for Wages, Inequality, and Productivity
Acemoglu, Daron; Restrepo, Pascual - National Bureau of Economic Research - 2024
This paper studies the effects of automation in economies with labor market distortions that generate worker rents--wages above opportunity cost--in some jobs. We show that automation targets high-rent tasks, dissipating rents and amplifying wage losses from automation. It also reduces...
Persistent link: https://www.econbiz.de/10014576564
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Applying AI to Rebuild Middle Class Jobs
Autor, David H. - National Bureau of Economic Research - 2024
While the utopian vision of the current Information Age was that computerization would flatten economic hierarchies by democratizing information, the opposite has occurred. Information, it turns out, is merely an input into a more consequential economic function, decision-making, which is the...
Persistent link: https://www.econbiz.de/10014486232
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Labor Unions and Social Insurance
Aizawa, Naoki; Fang, Hanming; Komatsu, Katsuhiro - National Bureau of Economic Research - 2024
The United States has experienced a significant decline in labor unions over the past half-century. We examine the aggregate labor market impact of labor unions, the causes of their decline, and their welfare and distributional consequences, accounting for unions' effects on wages and employers'...
Persistent link: https://www.econbiz.de/10015056117
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The U.S. Patent System in Transition : Policy Innovation and the Innovation Process
Jaffe, Adam B. - 1999
This paper surveys the major changes in patent policy and practice that have occurred in the last two decades in the U … effects of changes in patent policy. Despite the significance of the policy changes and the wide availability of detailed data … patent policy are few. Possible reasons for these limited results are discussed, and possible avenues for future research are …
Persistent link: https://www.econbiz.de/10012471503