Over the coming century, computer technology is likely to become capable of reproducing many of the skills now performed by human labor. This paper describes three models of the aggregate economic changes that occur when capital becomes capable of performing human work skills. The basic model,...

Neoclassical theory presumes that the demand for labor is a function of its real wage. Many local development agencies have taken this proposition as an article of faith, designing policies that effectively lower the real cost of labor. Empirical evidence for the textiles and electronics...

This paper uses a dataset on the foreign activities by Swedish manufacturing firms to examine the performance of German affiliates compared with affiliates in other locations. It is found that German affiliates, on average, have higher labour productivity, R&D expenditure per employee and...

In most instances, the dynamic response of monetary and other policies to shocks is infrequent and lumpy. The same holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and prices. We show that the standard practice of estimating...

Berla Karo Karo, 2009, Analyze of Market Labor in North Sumatera, under the guidance Dr. Murni Daulay, M.Si. (Chief), Drs. Iskandar Syarief, M.A. (Members).The purpose of this study is to analyze the influence of the variables of supply and demand for labor for the labor market in North Sumatra....

The labor share is defined as the share of value added which is payed out to workers. It is therefore often also called the wage share. Generally it is assumed that value added is produced with capital and labor as input factors so that Y = F(K;L) where Y is value added or output, K the capital...

Applying a common empirical approach to comparable industry-level data on production, trade, and labor markets for Japan and South Korea, this paper aims to investigate the impacts of outsourcing on different sectors of the labor market focusing on differences in educational attainment. While...

Critics of globalization claim that U.S. manufacturing firms are being driven by the prospects of cheaper labor to shift employment abroad. Yet the evidence, beyond anecdotes, is slim. Using firm-level data collected by the U.S. Bureau of Economic Analysis (BEA), we estimate the impact on U.S....

We investigate the microeconomic effects of labor regulations that protect employment and are expected to increase rigidity in labor markets. We exploit a unique outlet-level dataset obtained from a multinational food chain operating about 2,840 retail outlets in 43 countries outside the United...