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-based explanations of wage changes consistent with increasing variance in wages as well as increases in mean wages as suggested by skill …
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-based explanations of wage changes consistent with increasing variance in wages as well as increases in mean wages as suggested by skill …
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A recent explanation for declining GDP growth is that R&D has gotten harder. The formal explanation in Jones (1995) is “fishing out”-- idea discovery decreases in the level of knowledge. If valid, long-run growth is exogenous. In follow-on empirical work, Bloom, Jones, Van Reenen and Webb...
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