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We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in …: the high initial manufacturing wage premium and the high level of income inequality. The manufacturing wage premium … declined between the 1980s and the 2000s in the United States, but it does not explain the contemporaneous rise in inequality …
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Incomplete health insurance enrollment is a persistent U.S. challenge despite large subsidies. We ask whether hassles built into enrollment systems matter for insurance take-up and targeting. Studying removal of an auto-enrollment policy, we find that a small hassle – a requirement to actively...
Persistent link: https://www.econbiz.de/10014262737
Electricity is a general purpose technology and the catalyst for the second industrial revolution. Developing countries are currently making huge investments in electrification, with a view to achieving structural change. What does history say about its impact on the structure of employment? We...
Persistent link: https://www.econbiz.de/10012120246
Electricity is a general purpose technology and the catalyst for the second industrial revolution. What was its impact on the structure of employment? We use U.S. Census data from 1910 to 1940 and measure electrification with the length of higher-voltage electricity lines. Instrumenting for...
Persistent link: https://www.econbiz.de/10012213897
The finding that industrial sectors differ in their dependence on external finance for sector-specific technological reasons and, thus, rely to a different degree on financial development has become a major concept in studies conducted on both growth and trade. Although natural resources might...
Persistent link: https://www.econbiz.de/10009578223
We show that exported products exit the US market sooner if they violate the Heckscher-Ohlin notion of comparative advantage. Crucially, this pattern is stronger when exporting country has a well-developed banking system, measured by a high ratio of bank credit over the GDP. Banks thus push...
Persistent link: https://www.econbiz.de/10011346433
Developing economies are seeking to promote financial inclusion, i.e., greater access to financial services for low-income households and firms, as part of their overall strategies for economic and financial development. This raises the question of whether financial stability and financial...
Persistent link: https://www.econbiz.de/10010381548
The finding that industrial sectors differ in their dependence on external finance for sector-specific technological reasons and, thus, rely to a different degree on financial development has become a major concept in studies conducted on both growth and trade. Although natural resources might...
Persistent link: https://www.econbiz.de/10009580846