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Productivity, welfare and reallocation: theory and firm-level evidence

Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2009

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

Persistent link: https://www.econbiz.de/10010269431

Cyclical skill-biased technological change

Balleer, Almut; van Rens, Thijs - 2009

Over the past two decades, technological progress has been biased towards making skilled labor more productive. What does skill-biased technological change imply for business cycles? To answer this question, we construct a quarterly series for the skill premium from the CPS and use it to...

Persistent link: https://www.econbiz.de/10010276400

The German manufacturing sector is a granular economy

Wagner, Joachim - 2011

Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...

Persistent link: https://www.econbiz.de/10010282465

Skill Upgrading and Rigid Relative Wages: The Case of Danish Manufacturing

Sørensen, Anders; Skaksen, Jan Rose - 2003

Relative wages have been remarkably rigid for the last two decades in Danish manufacturing despite large shifts in relative employment from unskilled labor towards skilled and educated labor. Assuming capital-skill complementarity and fixed relative wages as a consequence of labor market...

Persistent link: https://www.econbiz.de/10010272877

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … productivity. …

Persistent link: https://www.econbiz.de/10010265548

A general model of technical change with an application to the OECD countries

Heshmati, Almas; Kumbhakar, Subal C. - 2011

In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...

Persistent link: https://www.econbiz.de/10010280731

The role of early-life conditions in the cognitive decline due to adverse events later in life

van den Berg, Gerard J.; Deeg, Dorly J.H.; Lindeboom, … - 2010

Cognitive functioning of elderly individuals may be affected by events such as the loss of a (grand)child or partner or the onset of a serious chronic condition, and by negative economic shocks such as job loss or the reduction of pension benefits. It is conceivable that the impact of such...

Persistent link: https://www.econbiz.de/10010277333

Unemployment in the European Union: institutions, prices, and growth

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2003

reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … responses to each shock. Our analysis permits us to distinguish between the short- and longrun effects of the shocks. Different …

Persistent link: https://www.econbiz.de/10010271739

A sequential Malmquist-Luenberger productivity index

Oh, Donghyun; Heshmati, Almas - 2009

This study proposes an alternative methodology for measuring environmentally sensitive productivity growth. The … combination, the conventional Malmquist-Luenberger productivity index is modified to give the alternative sequential … environmentally sensitive productivity index. This proposed index is employed in measuring productivity growth and its decomposed …

Persistent link: https://www.econbiz.de/10010271226

Return of the Solow Paradox? IT, Productivity, and Employment in U.S. Manufacturing

Acemoglu, Daron; Autor, David; Dorn, David; Hanson, … - 2014

rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT …-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT … expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases …

Persistent link: https://www.econbiz.de/10010333318