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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
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
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
productivity of workers. In this paper I set out the conceptual basis for such measures, provide some historical examples, and then …
Persistent link: https://www.econbiz.de/10010282158
In this paper, we estimate tenure-performance profiles using unique panel data that contain detailed information on individual workers' performance. We find that a 10 per cent increase in tenure leads to an increase in performance of 5.5 per cent of a standard deviation. This translates to an...
Persistent link: https://www.econbiz.de/10010282503
the impact of training on productivity decrease dramatically with age, suggesting that incentives for firms to invest in …
Persistent link: https://www.econbiz.de/10010282510
structural change - final demand, the inter-industry division of labor and inter-industry productivity differences. It first …
Persistent link: https://www.econbiz.de/10010261657
Beginning in the late 1970s, China's economy delivered the largest growth spurt in recorded history. Striking discontinuity between recent outcomes and the economic experience of the prior 200 years invites portrayal of recent events as a "China miracle" that requires neither economic nor...
Persistent link: https://www.econbiz.de/10012497841
structural change - final demand, the inter-industry division of labor and inter-industry productivity differences. It first …
Persistent link: https://www.econbiz.de/10005233801
the south of the country, (2) the effect of the mining output shock on output and productivity growth in other sectors …Intersectoral linkages can act as shock propagation channels and shape the pattern of structural transformation. To our … output shock that occurred in the south of Ghana leads to growing differences in intersectoral linkages between the north and …
Persistent link: https://www.econbiz.de/10013426310