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inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …
Persistent link: https://www.econbiz.de/10011951702
stock through firm-sponsored training might lead to more innovation. We test this hypothesis using detailed data on firms …' human capital investments and innovation performance, the Canadian longitudinal linked employer-employee data from 1999 …-2006. Our results, with workplace fixed-effects and allowing for time-varying productivity shocks, demonstrate that more …
Persistent link: https://www.econbiz.de/10010409776
Persistent link: https://www.econbiz.de/10001545079
A body of recent empirical work has found strong evidence that the labor elasticity of supply to the firm is finite, implying that firms may have wage setting power. However, these studies capture only snapshots of the parameter. We study this parameter over a period that provides substantial...
Persistent link: https://www.econbiz.de/10009379603
During the 1930s and 1940s, collective bargaining emerged as the workplace governance norm in much of the U.S. industrial sector. Following its peak in the 1950s, union density in the U.S. private sector fell steadily, to only 7.4 percent in 2006. Governance shifted from a formalized union norm...
Persistent link: https://www.econbiz.de/10003591477
This paper takes a retrospective look at the U.S. government's effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies in the world came to seek a bailout from the U.S....
Persistent link: https://www.econbiz.de/10010488826
discuss some implications of the big shift for pay, productivity, and the pace of innovation. Over the next five years, U …
Persistent link: https://www.econbiz.de/10014339132
important gap in most empirical studies of establishment-level productivity is the limited information about workers …' characteristics and their tasks. Skill-adjusted labor input measures have been shown to be important for aggregate productivity …-access establishment-level productivity dataset created by the BLS-Census Bureau Collaborative Micro-productivity Project. We take a first …
Persistent link: https://www.econbiz.de/10013412738
impressive productivity gains. But it is easy to confuse true productivity advances in transportation industries with changes in … productivity can be overwhelmed by even subtle changes in the traffic mix. After controlling for endogenous changes in the … data, 1982-1997, with observed productivity changes much more likely due to changes in speed limits and the dimensions of …
Persistent link: https://www.econbiz.de/10003446802
reservation wages, shifting the labor force towards the more productive firms. The relation between productivity dispersion and UI … policy is mediated by the wage posting policies of firms that take both productivity and policy into account. Optimal UI … policy is shown to crucially depend on the properties of the firm productivity distribution, such as its variance and …
Persistent link: https://www.econbiz.de/10003085750