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The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate will remain high. In this paper, we propose a methodology for estimating trend growth that draws on growth theory to identify variables other than productivity - namely consumption...
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Many employers adopt practices that insulate their workforces from the outside labor market. One defining characteristic of such an "internal labor market" is a company wage policy that diverges from that of the external market. These divergences may occur for an entire employer on average, or...
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In the last quarter century, wage inequality has increased dramatically in the United States. At the same time, the United States has become more integrated into the world economy, relative prices of final goods have changed, the capital stock has more than doubled, and the labor force has...
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relationship between workplace innovations and establishment productivity and wages. Using both cross-sectional and longitudinal … wages. Specifically, we find a positive and significant relationship between the proportion of non-managers using computers … examine the determinants of wages within these establishments, we find that re-engineering a workplace to incorporate more …
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