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output per worker, pay higher wages and, more generally, have higher total factor productivity. Furthermore, evidence from …
Persistent link: https://www.econbiz.de/10012492850
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using the standard neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a...
Persistent link: https://www.econbiz.de/10012546254
Labor productivity is more procyclical in OECD countries with lower employment volatility. To capture this new stylized … our model with variable effort, greater labor market frictions are associated with procyclical labor productivity as well … data. By implication, labor market deregulation has a greater effect on the cyclicality of labor productivity and on the …
Persistent link: https://www.econbiz.de/10012589397
This paper aimed to analyse Senegalese farmers’ technical efficiency in the context of climate variability and spatial heterogeneity. To achieve this, firstly using simulated data, we evaluated the newly developed spatial stochastic frontier estimation technique based on skew-normal...
Persistent link: https://www.econbiz.de/10012592485
European productivity shock. ‘e focus lies on the national and county level (including 402 counties). As the e‚ects on regional … that the "Hartz IV-Reform" and the German productivity contributes positively to the decline of unemployment, whereas the … increase in Eastern European productivity is only responsible for a minor increase in unemployment. …
Persistent link: https://www.econbiz.de/10012607146
Conditional on a contractionary monetary policy shock, the labor share of value added is expected to decrease in the basic New Keynesian model. By providing firm-level evidence, we are first to validate this proposition. Using local projections and high dimensional fixed effects, we show that a...
Persistent link: https://www.econbiz.de/10012607460
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