We use the World Bank Investment Climate Surveys data to analyze the employment of both labor and capital in Indian …

's intrinsic, exogenous, and stochastic earnings ability. It also interacts with both current and future labor supply and there can … be either "learning-and-doing" (when labor and training are complements, like for on-the-job training) or "learning …-or-doing" (when labor and training are substitutes, like for college). Agents' abilities and labor supply are private information to …

productivity gap" suggests that labor is greatly misallocated across sectors. In this paper, we draw on new micro evidence to ask … to what extent the gap is still present when better measures of sector labor inputs and value added are taken into …

In a famous paper, Kenneth Sokoloff argued that the labor input of entrepreneurs was generally not included in the … thumb" imputation for the entrepreneurial labor input. Using establishment level manufacturing data from the 1850 …-80 censuses and textual evidence I argue that, contrary to Sokoloff's claim, the census did generally include the labor of …

The stability of the labor share of income is a key foundation in macroeconomic models. We document, however, that the … global labor share has significantly declined since the early 1980s, with the decline occurring within the large majority of … information technology and the computer age, induced firms to shift away from labor and toward capital. The lower price of …

recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input … may be because BHC indices decompose ALP growth using plant-level output-per-labor (OL) as a proxy for the marginal … product of labor and changes in OL as a proxy for changes in plant-level productivity. We provide simple examples to show that …

. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital … income may be non-zero, reversing the standard prediction of the Ramsey tax literature. The zero labor tax is an optimal long … sovereign debt constraints. The front loading of labor taxes allows the economy to build a large (aggregate) debt position in …