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Over the 1948-2013 period, many factors significantly impacted on human capital, which in turn affected economic growth in the United States. This chapter analyzes these factors within a complete national income accounting system which integrates Jorgenson-Fraumeni human capital into the...
Persistent link: https://www.econbiz.de/10012213777
USA using time series approach for the period 1929-1997. We find cointegration between the variables under study. The EC …
Persistent link: https://www.econbiz.de/10014211840
Since the industrial revolution, technological innovations have enabled rise in productivity, employment, standard of … may reduce a drop in employment and enhanc e the welfare of citizens, lies in additional reduction of the working hours. I … lead to a decrease in the labour force. In that case, full employment will be attained even with th e decline in the number …
Persistent link: https://www.econbiz.de/10012522848
This paper uses the task-content-of-occupations framework to analyze trends in employment and wages of female and male …: nonroutine cognitive, routine cognitive, nonroutine manual, and routine manual. Decomposing the changes in employment shares into … between-industry changes and within-industry changes across occupational categories reveals that within-industry employment …
Persistent link: https://www.econbiz.de/10013329397
We examine the idea that excess managerial compensation acts as a reference wage in a fair wage-effort model of … impact of excess managerial pay on labour productivity and worker pay satisfaction. We account for human capital wage effects … effect is confirmed: both the efficiency wage and the excess managerial pay effects are much larger in bad times, and (e) the …
Persistent link: https://www.econbiz.de/10013155676
changed wage opportunities of those who have been induced to make these investments. …
Persistent link: https://www.econbiz.de/10011613259
changed wage opportunities of those who have been induced to make these investments. Statistical estimation of wage functions … that seek to represent the relationship between wage rates and a variety of human capital stocks may yield biased estimates …
Persistent link: https://www.econbiz.de/10014080486
changed wage opportunities of those who have been induced to make these investments …
Persistent link: https://www.econbiz.de/10014087237
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