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In a famous paper, Kenneth Sokoloff argued that the labor input of entrepreneurs was generally not included in the … thumb" imputation for the entrepreneurial labor input. Using establishment level manufacturing data from the 1850 …-80 censuses and textual evidence I argue that, contrary to Sokoloff's claim, the census did generally include the labor of …
Persistent link: https://www.econbiz.de/10013080210
potential long-run impact on individuals over decades and even generations. History, however, offers a solution. Historical … long-run effects on health, labor, and human capital of both historical pandemics (with a focus on the 1918 Influenza …
Persistent link: https://www.econbiz.de/10012823387
We study how changes in the distribution of occupations have affected the aggregate non-pecuniary costs and benefits of working. The physical toll of work is smaller now than in 1950, with workers shifting away from occupations in which people report experiencing tiredness and pain. The...
Persistent link: https://www.econbiz.de/10012916182
elasticity of substitution between capital and labor is moderately high. Indeed, for all elasticities of substitution greater …
Persistent link: https://www.econbiz.de/10012909868
How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We … novel screen to quantify how wages are affected by market power exerted in labor markets, either by a single firm or a group … of cooperating firms. The theory guides the measurement of labor “markdowns”, i.e., the gap between wage and the value of …
Persistent link: https://www.econbiz.de/10012890473
Epidemiological data and experimental research in the fields of operant conditioning and behavioral economics suggest that employment may be useful in the treatment of drug abuse. The conditions under which employment should decrease drug use depends on a range of environmental contextual...
Persistent link: https://www.econbiz.de/10013221292
supply of labor encourages technological progress. In contrast, the famous Habakkuk hypothesis in economic history claims …This paper studies the conditions under which the scarcity of a factor (in particular, labor) encourages technological … that technological progress was more rapid in 19th-century United States than in Britain because of labor scarcity in the …
Persistent link: https://www.econbiz.de/10013223003
The two models of international trade with developed factor markets -- Heckscher-Ohlin and Specific Factors -- both suffer significant defects. For example, their predictions about the patterns of domestic production and international trade are for the most part either indeterminate or uselessly...
Persistent link: https://www.econbiz.de/10013223905
We compare Laffer curves for labor and capital taxation for the US, the EU-14 and individual European countries, using … US can increase tax revenues by 30% by raising labor taxes and by 6% by raising capital income taxes. For the EU-14 we … obtain 8% and 1%. Dynamic scoring for the EU-14 shows that 54% of a labor tax cut and 79% of a capital tax cut are self …
Persistent link: https://www.econbiz.de/10013225026
. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital … income may be non-zero, reversing the standard prediction of the Ramsey tax literature. The zero labor tax is an optimal long … sovereign debt constraints. The front loading of labor taxes allows the economy to build a large (aggregate) debt position in …
Persistent link: https://www.econbiz.de/10013120194