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counterfactual methodology outlined by DiNardo, Fortin and Lemieux (1996). Finally we argue that Stevens's theory offers a possible … not fall when direct measures of productivity were introduced into the wage equation …
Persistent link: https://www.econbiz.de/10012772904
This NEUJOBS research report focuses on links between age, productivity and lifelong learning. Various data sources (EU … strongly influenced by the timing of entering and leaving labour market. An estimation of the impact of LLL on productivity …
Persistent link: https://www.econbiz.de/10014151777
Foresightful workers can take actions to reduce their exposure to risk in labor markets, but existing evidence on narrow bracketing suggests that individuals might not optimally integrate risk reduction decisions with subsequent labor decisions. In an online labor market, we vary the level of...
Persistent link: https://www.econbiz.de/10013477286
increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on …
Persistent link: https://www.econbiz.de/10010529431
problematic. When they use labor productivity growth as a proxy for technical progress, their regressions are quasi …-accounting identities that omit one variable of the identity. Consequently, the coefficient of labor productivity growth suffers from … omitted-variable bias, where the omitted variable is known. The use of total factor productivity (TFP) growth as a proxy for …
Persistent link: https://www.econbiz.de/10012165414
Many OECD economies suffered a productivity slowdown beginning in the early 1970s. However, the increase in … efficiency wage model, which enables us to identify two basic channels through which the productivity slowdown can affect workers … this period in the face of a similar slowdown in productivity. We also demonstrate how the link between growth and …
Persistent link: https://www.econbiz.de/10014194296
Bovenberg and Jacobs (2005) and Richter (2009) derive the education efficiency theorem: In a second-best optimum, the education decision is undistorted if the function expressing the stock of human capital features a constant elasticity with respect to education. I drop this assumption. The...
Persistent link: https://www.econbiz.de/10013136116
The use of machine learning (ML) for productivity in the knowledge economy requires considerations of important biases …
Persistent link: https://www.econbiz.de/10012852231
productivity. In the first part of t he paper I show that l earnings pillovers imply externalities in the return to human capital …
Persistent link: https://www.econbiz.de/10012292076
A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity …
Persistent link: https://www.econbiz.de/10014250931