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Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using the standard neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a...
Persistent link: https://www.econbiz.de/10012546254
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
Persistent link: https://www.econbiz.de/10012546895
Using novel matched employer-employee register data with firm-level information on the introduction of industrial robots, this paper analysis the impact of robots on the wages of workers in the manufacturing sector. The results show that industrial robots increase wages for high-skilled workers...
Persistent link: https://www.econbiz.de/10012266979
In this paper the authors propose that G20 countries endorse and facilitate the creation of a T20 digital platform for "Accelerating the Jobs of the Future". In a world driven by a new wave of technological change, the platform would revalue the role of think tanks, research institutions and...
Persistent link: https://www.econbiz.de/10011908136
In this paper the authors propose that G20 countries endorse and facilitate the creation of a T20 digital platform for “Accelerating the Jobs of the Future”. In a world driven by a new wave of technological change, the platform would revalue the role of think tanks, research institutions and...
Persistent link: https://www.econbiz.de/10011955420
business closure orders on productivity and the labor market in the US. The earning rates and hours responses to the crisis …
Persistent link: https://www.econbiz.de/10013365159
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …
Persistent link: https://www.econbiz.de/10010252126
. Productivity adjustments stabilise employment and the labour share in the long run: technological change allows firms to replenish …We study endogenous employment and distribution dynamics in a Post-Keynesian model of Kalecki-Steindl tradition …. We find that a demand shock is likely to lower the profit share and increase the employment rate. A supply shock in …
Persistent link: https://www.econbiz.de/10012200132
find no evidence that technical change (proxied by the growth of productivity) reduces employment growth. We demonstrate … after both direct and indirect effects are accounted for, technical change is, on the aggregate, employment-augmenting. They … productivity growth suffers from omitted-variable bias. As the omitted variable is known, we can have a good idea of what the …
Persistent link: https://www.econbiz.de/10012435652
We show that Autor and Salomons' (2017, 2018) analysis of the impact of technical progress on employment growth is … problematic. When they use labor productivity growth as a proxy for technical progress, their regressions are quasi …-accounting identities that omit one variable of the identity. Consequently, the coefficient of labor productivity growth suffers from …
Persistent link: https://www.econbiz.de/10012165414