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potential long-run impact on individuals over decades and even generations. History, however, offers a solution. Historical …
Persistent link: https://www.econbiz.de/10012481108
In a famous paper, Kenneth Sokoloff argued that the labor input of entrepreneurs was generally not included in the count of workers in manufacturing establishments in the early censuses of manufacturing. According to Sokoloff, this biased downward econometric estimates of economies of scale if...
Persistent link: https://www.econbiz.de/10012459515
. We cover the institution's history, implementation, and the best available evidence on its economic impacts. We argue …
Persistent link: https://www.econbiz.de/10012585405
Has leisure increased over the last century? Standard measures of hours worked suggest that it has. In this paper, we develop a comprehensive measure of non-leisure hours that includes market work, home production, commuting and schooling for the last 105 years. We also present empirical and...
Persistent link: https://www.econbiz.de/10012466404
The stability of the labor share of income is a key foundation in macroeconomic models. We document, however, that the global labor share has significantly declined since the early 1980s, with the decline occurring within the large majority of countries and industries. We show that the decrease...
Persistent link: https://www.econbiz.de/10012459527
Two recent meta-analyses use variants of the Baily, Hulten, and Campbell (1992) (BHC) decompositions to ask whether recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input reallocation. They find weak gains from measured...
Persistent link: https://www.econbiz.de/10012459650
This paper examines cross-country differences in labour policies and practices and employee performance and attitudes … employee reports on the quality of labour-management relations and establishment average measures of employee performance 4) a … relation between country level performance in the firm and measures of the extent of national labour regulations or practices …
Persistent link: https://www.econbiz.de/10012465420
respectively to the Fraser Institute and World Economic Forum reports, the GLS and the labor market components of the economic … countries around the world, covering issues such as freedom of association, the regulation of work contracts, employee benefits …) and competitiveness (World Economic Forum) …
Persistent link: https://www.econbiz.de/10012467079
This paper reviews the theoretical arguments for and against linking international labor standards to trade. Based on theory alone it is difficult to generalize about the effect of labor standards on efficiency and equity. Some economists have argued that international labor standards are merely...
Persistent link: https://www.econbiz.de/10012473213
countries join the world economy so that globalization increases at the margin, labor standards worsen (improve) at the margin …
Persistent link: https://www.econbiz.de/10014322750