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Since 1980, the earnings share of older workers has risen in the United States. At the same time, labor's share of income has declined significantly. We hypothesize that an aging workforce has contributed to the decline in labor's share of income. We formalize this hypothesis in an on-the-job...
Persistent link: https://www.econbiz.de/10014544510
This paper analyzes the differences in wage ratios of university graduates to less than university graduates, the education premium, in Canada and the United States from 1980 to 2000. Both countries experienced a similar increase in the fraction of university graduates and a similar increase in...
Persistent link: https://www.econbiz.de/10010280031
This paper analyzes the differences in wage ratios of university graduates to less than university graduates, the education premium, in Canada and the United States from 1980 to 2000. Both countries experienced a similar increase in the fraction of university graduates and a similar increase in...
Persistent link: https://www.econbiz.de/10005162527
sector is highly segmented, with a relatively small core of modern high-productivity corporations, and myriad small, less … formal and low-productivity entities. This hampers efficient resource allocation and tends to entrench social inequalities … to be overcome to raise productivity in the informal, low-skill and low-productivity sector, and to facilitate resource …
Persistent link: https://www.econbiz.de/10011276955
This paper develops and estimates a two-factor model of intergenerational skill transmission when earnings inequality reflects differences in individual skills and other non-skill shocks. We consider heterogeneity in both initial skills and skill growth rates, allowing variation in skill growth...
Persistent link: https://www.econbiz.de/10012619596
This paper develops and estimates a two-factor model of intergenerational skill transmission when earnings inequality reflects differences in individual skills and other non-skill shocks. We consider heterogeneity in both initial skills and skill growth rates, allowing variation in skill growth...
Persistent link: https://www.econbiz.de/10012307642
We estimate an aggregate elasticity of substitution between capital and labor near or below one, which implies that capital deepening cannot explain the global decline in labor's share. Our methodology derives from transition paths in the neo-classical growth model. The elasticity of...
Persistent link: https://www.econbiz.de/10012014519
We estimate an aggregate elasticity of substitution between capital and labor near or below one, which implies that capital deepening cannot explain the global decline in labor's share. Our methodology derives from transition paths in the neo-classical growth model. The elasticity of...
Persistent link: https://www.econbiz.de/10011954572
) – presumably altered the land:labour ratio sufficiently to increase the marginal productivity of labour and thus its real wage … productivity of agricultural labour. But the evidence produced in this study demonstrates that the Black Death was followed, in …
Persistent link: https://www.econbiz.de/10005827233
show that, by weakening the competition between employers, a mean-preserving spread of the employers' productivity … of the rising productivity dispersion and the declining labor share in many countries …
Persistent link: https://www.econbiz.de/10012935926