Showing 151 - 157 of 157
Credit rationing is a common feature of most developing economies. In response to it, the governments of these countries often operate extensive credit programs and lend, either directly or indirectly, to the private sector. We analyze the macroeconomic consequences of a typical government...
Persistent link: https://www.econbiz.de/10010397530
productivity (TFP) using newly organized data on 145 countries that span more than one hundred years for twenty-four of these …
Persistent link: https://www.econbiz.de/10010397560
This paper analyzes the economic impact of unions on productivity in the manufacturing sector across six Latin American … paper finds that unions have positive, but mostly small, effects on productivity, with the exception of Argentina, with a … productivity effects barely offset higher union compensation, and that unions are negatively related to investment in capital and R …
Persistent link: https://www.econbiz.de/10010513036
The effect of marriage on productivity and wages has been long debated. A difficulty in estimating the effect of … marriage on productivity is the lack of data that contain measures of both marital status and exogenous productivity. We fill … between individual measures of productivity and marriage, yet, wages are up to 15 percent higher for some married players. We …
Persistent link: https://www.econbiz.de/10011927985
We study possible factors behind the subdued inflation in the United States since the mid-1990s. A standard expectations-augmented Phillips curve does not exhibit structural breaks. However, a wage-price spiral comprising wage growth, consumer price inflation and producer price inflation shows...
Persistent link: https://www.econbiz.de/10012143580
We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish … than productivity dispersion in recessions. Productivity shocks pass through incompletely to prices and have limited effect … and see" channel. Productivity dispersion does not generate "wait and see" effects, but affects output negatively by …
Persistent link: https://www.econbiz.de/10014540949
education, and in consequence, inequality increases. We also show that wages and productivity gaps between high-tech and low …-tech sectors are fueled by the elitism gap in higher education. This leads to heterogeneity in human capital, and therefore to an …
Persistent link: https://www.econbiz.de/10014577252