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Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen countries ranging from rich (Canada, U.S.) to poor (India, Indonesia). We develop a measure of human capital that accounts for the selection of workers with different unobserved...
Persistent link: https://www.econbiz.de/10012956718
Persistent link: https://www.econbiz.de/10013147792
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10012955279
We determine workforce composition and wages in firms in the presence of productivity spill-overs between co …
Persistent link: https://www.econbiz.de/10013031991
productivity depends on their age through the build-up of labour market experience and the depreciation of human capital. We make … wisdom following an increase in longevity, depending on the corresponding change in the age-productivity profile …
Persistent link: https://www.econbiz.de/10013021702
We examine the effect of pregnancy and parenthood on the research productivity of academic economists. Combining the … find that motherhood is associated with low research productivity. Nor do we find a statistically significant unconditional … effect of a first child on research productivity. Conditional difference-in-differences estimates, however, suggest that the …
Persistent link: https://www.econbiz.de/10013057642
There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...
Persistent link: https://www.econbiz.de/10012988235
density. We show that endogenous technological progress causes structural change if there are positive productivity spillovers … from the modern to the traditional sector and Engel's law holds. In turn, urban congestion effects cause a productivity …
Persistent link: https://www.econbiz.de/10013118683
into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect … productivity growth, and endogenous changes in expenditures shares on manufacturing goods and services. We quantify the importance … accumulation and trade costs have been the most important drivers of trade in the sample at hand, whereas productivity growth and …
Persistent link: https://www.econbiz.de/10012994081
The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10013315503