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instead to demand factors as the main force behind the strong positive comovement between output and labor input measures …
Persistent link: https://www.econbiz.de/10014070135
positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …Using data for the G7 countries, I estimate conditional correlations of employment and productivity, based on a …) technology shocks appear to induce a negative comovement between productivity and employment, counterbalanced by a positive …
Persistent link: https://www.econbiz.de/10013246500
. We consider the following shocks: technological change, a demand shift, bad management, and three kinds of international … protection. Demand for import protection increases significantly in all cases, except for the “bad management” shock. Trade … shocks generate more demand for protectionism, and among trade shocks, outsourcing to a developing country elicits greater …
Persistent link: https://www.econbiz.de/10012889490
Using administrative employee-firm-level data on the entire private sector from 1994 to 2007, we show that the labor market in France has polarized: employment shares of high and low wage occupations have grown, while middle wage occupations have shrunk. During the same period, the share of...
Persistent link: https://www.econbiz.de/10012995986
This paper examines the effect of technological change and other factors on the relative demand for workers with … different education levels and on the recent growth of U.S. educational wage differentials. A simple supply-demand framework is … U.S. labor market in each decade since 1940 and from 1990 to 1995. The results suggest that the relative demand for …
Persistent link: https://www.econbiz.de/10012778847
This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns to schooling indicates that technical change has been skill-biased during the past sixty years. Furthermore, the recent increase in inequality is most likely due to an...
Persistent link: https://www.econbiz.de/10013126042
productivity growth indexes for industrial sectors in the 1960's and 1970's the study explores effects of differential pace of … sectors whose productivity grew faster in preceding years. The growth of sectoral capital intensity produces similar effects …
Persistent link: https://www.econbiz.de/10013324611
In this paper, we exploit plant-level data for U.S. manufacturing for the 1970s and 1980s to explore the connections between changes in technology and the structure of employment and wages. We focus on the nonproduction labor share (measured alternatively by employment and wages) as the variable...
Persistent link: https://www.econbiz.de/10013223326
This paper presents a model in which a partially anticipated technological shock results, in the short-run, in lower investment and higher unemployment. Because of the expectation of future lower profits, the market value of existing firms --and the wages they pay-- decrease before the...
Persistent link: https://www.econbiz.de/10013225123
Arguably the most important development in recent decades in US factor markets is the decline in the relative wage of the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been identified as a key reason for the rising US wage...
Persistent link: https://www.econbiz.de/10013226172