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acquisition, without fear of losing their skill premium to expropriation. In line with the proposed hypothesis, exploiting a …
Persistent link: https://www.econbiz.de/10011624571
acquisition, without fear of losing their skill premium to expropriation. In line with the proposed hypothesis, exploiting a …
Persistent link: https://www.econbiz.de/10011638304
This research explores the long-run effect of industrialization on the process of development. In contrast to conventional wisdom that views industrial development as a catalyst for economic growth, the study establishes that while the adoption of industrial technology was conducive to economic...
Persistent link: https://www.econbiz.de/10013016331
This research explores the long-run effect of industrialization on the process of development. In contrast to conventional wisdom that views industrial development as a catalyst for economic growth, highlighting its persistent effect on economic prosperity, the study establishes that while the...
Persistent link: https://www.econbiz.de/10013021750
This paper describes a two-sector demo-economic model (agricultural and non-agricultural sectors) applied to Europe and spanning the period from the neolithic agricultural revolution to the Industrial Revolution. The model describes the "incessant contest" between population growth and food...
Persistent link: https://www.econbiz.de/10014074712
industrialization between labor and capital. Before the cartel, wages grew at the same rate as the marginal labor product; afterwards …
Persistent link: https://www.econbiz.de/10014077479
This paper puts forth a unified theory of growth that captures a number of relevant features of countries' transitions from stagnant, predominantly rural economies to vibrant, industrialized economies that have been overlooked by the literature. In our theory, increasing variety of consumer...
Persistent link: https://www.econbiz.de/10013142665
Existing series suggest wages in London were substantially higher than in other European cities from 1650 to 1800. This … and organisational context in which it was recorded. Institutional records of wages were profoundly affected by structural … changes in the seventeenth century, particularly the emergence of building contractors. The actual wages paid to London …
Persistent link: https://www.econbiz.de/10013000200
transparency rules and their effects on wages. We find that these rules induce firms to behave strategically with the aim of …
Persistent link: https://www.econbiz.de/10013219420
paper contains a formal analysis of transparency rules and their effects on wages. We find that these rules induce firms to …
Persistent link: https://www.econbiz.de/10012594946