Catch-up in total factor productivity (TFP) among the "group of seven" was evident between 1870 adn 1979, though much slower before 1938 than after 1950. Capital:labor ratios also converged over the long period, though the process was much stronger after 1960. TFP catch-up is found to be...

We use OECD data to examine inter-industry wage differentials (relative wages among industries) for 14 OECD countries over the period 1970-85. We find, first, that the industrial wage structures have shown remarkable stability over time in terms of rank order for all the countries in the sample....

I develop three measures of structural change on the basis of U.S. data: changes in occupational composition, changes in input-output technical coefficients, and changes in capital coefficients. Using pooled cross-section, time-series data for 44 industries over the period from 1970 to 1990, I...

We find that household wealth is distributed more unequally in the U.S. in 1983 than France in 1986. The Gini coefficient is 0.7 for the U.S. and 0.71 for France. There are also significant differences in the composition of wealth. Owner-occupied housing accounted for half of total assets in...