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about the shift in income distribution between capital and labor …
Persistent link: https://www.econbiz.de/10014077980
We develop a novel empirical approach to identify the effectiveness of policies against a pandemic. The essence of our approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We use a normalization procedure that makes the pre-policy paths of the...
Persistent link: https://www.econbiz.de/10014090534
German Abstract: Wir entwickeln einen neuartigen empirischen Ansatz, um die Effektivität politischer Maßnahmen gegen Pandemien zu messen. Der Kern unseres Ansatzes besteht darin, dass die Dynamik einer Epidemie am besten über den Zustand der Epidemie, anstatt über den Zeitverlauf beschrieben...
Persistent link: https://www.econbiz.de/10014091193
I estimate the elasticity of GDP with respect to aggregate capital and labor using industry-specific cost structures … and without assuming an aggregate production function exists. Different assumptions about industry capital costs provide … upper and lower bounds for the elasticities. In the U.S. from 1948-1995 the capital elasticity bounds were 0.18-0.33, and …
Persistent link: https://www.econbiz.de/10013230466
Technological progress may be less beneficial for older workers than younger workers. In this paper, we empirically examine the impact of technological change on the wage share of older workers. More specifically, we look at five different types of technological advancement using data from 30...
Persistent link: https://www.econbiz.de/10014239988
Persistent link: https://www.econbiz.de/10012207411
Switzerland is home to numerous international sports organisations and federations. They represent a major measurement challenge for statisticians in Switzerland because of their cyclical and increasingly important revenues generated by the staging of major sports events. By influencing Swiss...
Persistent link: https://www.econbiz.de/10013347520
Persistent link: https://www.econbiz.de/10011875758
The subject of offshoring and productivity has not yet received the attention it deserves. Here I propose a simple framework for estimating the contribution of these strategies to the growth rate of labor productivity from a time-series perspective. This framework is then used to assess the...
Persistent link: https://www.econbiz.de/10009769045
In this second part of our study we survey the rapidly expanding empirical literature on the determinants of the functional distribution of income. Three major strands emerge: technological change, international trade, and financialization. All contribute to the fluctuations of the labor share,...
Persistent link: https://www.econbiz.de/10010356672