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Persistent link: https://www.econbiz.de/10005281050
I find here that the early and mid 2000s (2001 to 2007) witnessed both exploding debt and a consequent middle class squeeze. Median wealth grew briskly in the late 1990s and even faster in the 2000s. The inequality of net worth was up slightly during the 2000s. Indebtedness, which fell...
Persistent link: https://www.econbiz.de/10008773897
We examine the economic well-being of the elderly, using the Levy Institute Measure of EconomicWell-Being (LIMEW). The LIMEW is a comprehensive measure that incorporates broader definitions of income, from wealth, government expenditures, and taxes, than standard income and also includes the...
Persistent link: https://www.econbiz.de/10010720164
Using data from the decennial US Censuses of 1950, 1960, 1970, 1980, 1990, and 2000, I construct matrices of employment by 267 occupations and 64 industries and then aggregate the occupations into four categories: (i) knowledge producers; (ii) data processors; (iii) service workers; and (iv)...
Persistent link: https://www.econbiz.de/10005485031
Using US input-output data for the period 1958-87, I find strong evidence that industry total factor productivity (TFP) growth is significantly related to the TFP performance of the supplying sectors, with an elasticity of almost 60%. R&D intensity is also found to be a significant determinant...
Persistent link: https://www.econbiz.de/10005451833
Using data from the Survey of Consumer Finances (SCF), we found that on average over the period from 1989 to 2007, about one fifth of American households at a given point of time reported a wealth transfer and these accounted for quite a sizeable figure, about a quarter of their net worth. Over...
Persistent link: https://www.econbiz.de/10011155096
Manufacturing productivity growth recovered during the 1980s and 1990s, while other sectors, particularly services, did not. In the same period U.S. manufacturing has engaged in the “outsourcing” or “contracting-out” of service functions. Has the recovery of manufacturing been...
Persistent link: https://www.econbiz.de/10010988886
We provide the first estimate of the level and distribution of global household wealth. The level of assets and debts for 39 countries are measured using household balance sheet and survey data centred on the year 2000. Average wealth holdings are imputed to countries lacking direct evidence....
Persistent link: https://www.econbiz.de/10008558609
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