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We find that over the period 1950–1990, states in United States absorbed increases in the supply of schooling due to tighter compulsory schooling and child labor laws mostly through within-industry increases in the schooling intensity of production. Shifts in the industry composition towards...
Persistent link: https://www.econbiz.de/10010507409
workers distributed between them. We introduce commuting costs and search-matching frictions to deal with the spatial mismatch … changes in the workforce distribution have non-negligible effects on unemployment rates, wages and net output. …
Persistent link: https://www.econbiz.de/10010328991
Persistent link: https://www.econbiz.de/10011695746
Until the late 2000s, our work focused primarily on why capitalism should be understood as a mode of power. We argued that capital itself is a form of organized power and researched how capitalists sustain, defend and augment their capitalized power. We called our approach ‘capital as power’...
Persistent link: https://www.econbiz.de/10012390732
The link between US labor cost and price inflation has weakened notably over the past three decades. In this paper we document this decline and analyse potential contributing factors. We consider four important trends that have shaped the US economy of late: (i) improved anchoring of inflation...
Persistent link: https://www.econbiz.de/10012605279
This paper decomposes the rise in cross-sectional earnings inequality in Sweden between 1990 and 2002 into changes in market prices of observable characteristics, changes in the composition of the labor force across demographic groups and industries, and changes in unobservables, and compares...
Persistent link: https://www.econbiz.de/10010281356
percent. Since then both skill premia have increased by around 10 percentage points in 2002. Theories that equalize wages with …
Persistent link: https://www.econbiz.de/10010281859
This article analyses the relevance of the extensive and the intensive margin of labour adjustment over the business cycle in Germany and in the United States. Previous research has found that, firstly, the extensive margin dominates and that, secondly, the relative relevance of the two margins...
Persistent link: https://www.econbiz.de/10011522243
In this paper, I analyze detailed data on intergenerational transfers in 4 countries (China, India, Japan, and the United States) from the "Japan Household Panel Survey on Consumer Preferences and Satisfaction (JHPS-CPS)" which has been conducted by the Institute of Social and Economic Research...
Persistent link: https://www.econbiz.de/10015070342
To study whether current spending levels and public knowledge of them contribute to transatlantic differences in policy preferences, we implement parallel survey experiments in Germany and the United States. In both countries, support for increased education spending and teacher salaries falls...
Persistent link: https://www.econbiz.de/10011584672