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in aggregate demand, unemployment rate, real wage and labour productivity, which captures key components of the labour … model to identify four structural innovations: aggregate demand, labour supply, wage bargaining, and productivity; (iii … share responded mainly to productivity, aggregate demand, and wage bargaining shocks during the immediate post-war era …
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We study the productivity-pay relationship in the United States and Canada along two dimensions. The first is … divergence: the degree to which the levels of productivity and pay have diverged. The second is delinkage: the degree to which … incremental increases in the rate of productivity growth translate into incremental increases in the rate of growth of pay …
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the wage-productivity gap could enlighten economic policy. -- income distribution ; labour share ; wage gap ; inequality …
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the wage-productivity gap could enlighten economic policy. -- Income distribution ; Labour share ; Wage gap ; Inequality …
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socioeconomic conditions, looking at income distribution through the lens of the wage-productivity gap could enlighten economic …
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important gap in most empirical studies of establishment-level productivity is the limited information about workers …' characteristics and their tasks. Skill-adjusted labor input measures have been shown to be important for aggregate productivity …-access establishment-level productivity dataset created by the BLS-Census Bureau Collaborative Micro-productivity Project. We take a first …
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This paper provides evidence that shifts in the occupational composition of the U.S. workforce are the most important factor explaining the trend decline in the labor share over the past four decades. Estimates suggest that while there is unitary elasticity between equipment capital and...
Persistent link: https://www.econbiz.de/10014122283