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Productivity and Wages : What Was the Productivity-Wage Link in the Digital Revolution of the Past, and What Might Occur in the AI Revolution of the Future?
Lazear, Edward P.; Shaw, Kathryn; Hayes, Grant E.; … - National Bureau of Economic Research - 2022
time. A key question is, has the productivity distribution also spread out across worker skill levels over time? Using our … calculations of productivity by skill level for the U.S., we show that the distributions of both wages and productivity have spread … out over time, as the right tail lengthens for both. We add OECD countries, showing that the wage-productivity correlation …
Persistent link: https://www.econbiz.de/10013477226
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Globalization, Structural Change and International Comovement
Bonadio, Barthélémy; Huo, Zhen; Levchenko, Andrei A.; … - National Bureau of Economic Research - 2023
We study the roles of globalization and structural change in the evolution of international GDP comovement among industrialized countries over the period 1978-2007. In recent decades, trade integration between advanced economies increased rapidly while average GDP correlations remained stable....
Persistent link: https://www.econbiz.de/10014322746
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Scalable Demand and Markups
Atalay, Enghin; Frost, Erika; Sorensen, Alan T.; … - National Bureau of Economic Research - 2023
We study changes in markups across 72 product markets from 2006 to 2018. A growing literature has documented a rise in markups over time using a production function approach; we instead employ the standard microeconomic method, which is to estimate demand and then invert firms' first-order...
Persistent link: https://www.econbiz.de/10014287331
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Structural Change Within versus Across Firms : Evidence from the United States
Ding, Xiang; Fort, Teresa C.; Redding, Stephen; Schott, … - National Bureau of Economic Research - 2022
-house confers a sector-neutral productivity advantage facilitating within-firm structural transformation. Consistent with the model …
Persistent link: https://www.econbiz.de/10013334346
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Nothing Propinks Like Propinquity : Using Machine Learning to Estimate the Effects of Spatial Proximity in the Major League Baseball Draft
Ahmadi, Majid; Durst, Nathan; Lachman, Jeff; List, John A. - National Bureau of Economic Research - 2022
Recent models and empirical work on network formation emphasize the importance of propinquity in producing strong interpersonal connections. Yet, one might wonder how deep such insights run, as thus far empirical results rely on survey and lab-based evidence. In this study, we examine...
Persistent link: https://www.econbiz.de/10013477279
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Late Bloomers : The Aggregate Implications of Getting Education Later in Life
Bárány, Zsófia L.; Buchinsky, Moshe; Corblet, Pauline - National Bureau of Economic Research - 2023
It is generally agreed upon that most individuals who acquire a college degree do so in their early 20s. Despite this consensus, we show that in the US from the 1930 birth cohort onwards a large fraction - around 20% - of college graduates obtained their degree after age 30. We explore the...
Persistent link: https://www.econbiz.de/10014437005
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The Outlook for Women's Employment and Labor Force Participation
Albanesi, Stefania - National Bureau of Economic Research - 2023
Employment and participation rates for US prime age women rose steadily during the second half of the 20th century. In the last 30 years, however, those rates stagnated, even as employment and participation rates for women in other industrialized countries continued to rise. I discuss the role...
Persistent link: https://www.econbiz.de/10014437047
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No Revenge for Nerds? Evaluating the Careers of Ivy League Athletes
Amornsiripanitch, Natee; Gompers, Paul A.; Hu, George; … - National Bureau of Economic Research - 2023
This paper compares the careers of Ivy League athletes to those of their non-athlete classmates. Combining team-level information on all Ivy League athletes from 1970 to 2021 with resume data for all Ivy League graduates, we examine both post-graduate education and career choices as well as...
Persistent link: https://www.econbiz.de/10014421178
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The Effects of Mandatory Profit-Sharing on Workers and Firms : Evidence from France
Nimier-David, Elio; Sraer, David; Thesmar, David - National Bureau of Economic Research - 2023
nor productivity. At the employee level, mandated profit-sharing increases low-skill workers' total compensation and … lower-skill workers in the firm, without generating significant distortions or productivity effects …
Persistent link: https://www.econbiz.de/10014421229
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The Impact of Unions on Wages in the Public Sector : Evidence from Higher Education
Baker, Michael; Halberstam, Yosh; Kroft, Kory; Mas, … - National Bureau of Economic Research - 2024
We study the effects of the unionization of faculty at Canadian universities from 1970-2022 using an event-study design. Using administrative data which covers the full universe of faculty salaries, we find strong evidence that unionization leads to both average salary gains and compression of...
Persistent link: https://www.econbiz.de/10014512131