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job creation in the US, is its slower productivity growth. This paper begins with data showing that US productivity growth … has been essentially zero since 1973 outside of manufacturing. In contrast, productivity growth in US manufacturing has …
Persistent link: https://www.econbiz.de/10005281397
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...
Persistent link: https://www.econbiz.de/10005281980
This paper examines the effect of trade openness on the productivity of skilled and unskilled labor in a group of 36 … significant impact on labor productivity for both skilled and unskilled labor in the sample countries. We also observe that the … adjusting for the purchasing power parity, the impact of trade openness on labor productivity, although positive and significant …
Persistent link: https://www.econbiz.de/10005282308
It is widely believed that international wage differences are a result of international productivity differences. That … belief has been criticized by various economists for the differential in wages being much higher than in productivity …. Another criticism has been that productivity increases in developing countries have tended to lead to lower world prices for …
Persistent link: https://www.econbiz.de/10005551550
In order to lower unemployment, the French government decided in 1998 to reduce the working time to 35 hours a week for full time workers. This measure made the firms change their choices with respect to employment, labour duration and organisation, and production. This article evaluates ex post...
Persistent link: https://www.econbiz.de/10005553958
„h Australia¡¦s surge in productivity growth in the 1990s fuelled an acceleration in growth in total income and average … to 2.5 per cent in the 1990s. ¡V Faster productivity growth accounted for over 90 per cent of the acceleration. „h The … capital shares in economywide income were stable throughout the 1990s. Concerns that productivity-enhancing factors have …
Persistent link: https://www.econbiz.de/10005556030
The increased use of information and communications technology (ICT) has helped to raise Australia’s productivity … Productivity: A Synthesis from Studies of Australian Firms concludes that the stronger growth in the use of ICT in the second half … of the 1990s added up to 1/2 a percentage point in the acceleration in annual labour productivity growth, principally as …
Persistent link: https://www.econbiz.de/10005556032
This study analyses the role played by adjustment costs and R&D investment prices in total R&D productivity. The … results show that on average, for each monetary unit increase in adjustment costs produces a fall in productivity of 0 …
Persistent link: https://www.econbiz.de/10005556044
Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will … the level of income but no effect on underlying productivity growth. Our preferred estimator combines high and low …
Persistent link: https://www.econbiz.de/10005556098
high regional disparities, varying with the sector. We also find diverse combinations in productivity and unit price of …
Persistent link: https://www.econbiz.de/10005556182