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Changes in labor productivity have been a source of puzzlement and paradoxical results for economists. We suggest that … percent of all the variations in labor productivity. Also, our estimation method and our results suggest that conventional …
Persistent link: https://www.econbiz.de/10010288082
We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …
Persistent link: https://www.econbiz.de/10010292361
This paper examines Total Factor Productivity (TFP) and knowledge flows, using international patent data. The result is …-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a …
Persistent link: https://www.econbiz.de/10010285349
We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income Dynamics from 1970 to 2004. Using both an error components model as well as simpler but only approximate methods, we find that the transitory variance started to increase in the...
Persistent link: https://www.econbiz.de/10010285788
Using confidential microdata from the U.S. Census Bureau, we investigate the performance of female-owned businesses, making comparisons to male-owned businesses. Using regression estimates and a decomposition technique, we explore the role that human capital, especially through prior work...
Persistent link: https://www.econbiz.de/10010288162
How costly will rising temperature due to climate change be for the U.S. economy? Recent research has used the well-identified response of output to weather to estimate this cost. But agents may adapt to the new climate. We propose a methodology to infer adaptation technology from the...
Persistent link: https://www.econbiz.de/10012429414
We use data on Austrian firms and employees to estimate the effects of employer-provided training on productivity … general, we find a robust positive elasticity of training on productivity of about 0.04. In-house training is more effective …
Persistent link: https://www.econbiz.de/10010294844
requiring multiple periods of work and stochastic productivity shocks. I find that increasing ability or reducing fatigue does …
Persistent link: https://www.econbiz.de/10010316935
-emplyee data from Portugal. Using dynamic panel data methods, we quantify a firm-specific productivity term for each firm, and we …
Persistent link: https://www.econbiz.de/10010317919
Using data from NLSY97 we analyze the impact of education on health behavior. Controlling for health knowledge does not …
Persistent link: https://www.econbiz.de/10010500243