Similar Search Results

Ashenfelter, Orley - 2012

A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual...

Persistent link: https://www.econbiz.de/10013107514

Implications of Search Frictions : Matching Aggregate and Establishment-Level Observations

Cooper, Russell W. - 2013

This paper studies hours, employment, vacancies and unemployment at micro and macro levels. It is built around a set of facts concerning the variability of unemployment and vacancies in the aggregate and, at the establishment level, the distribution of net employment growth and the comovement of...

Persistent link: https://www.econbiz.de/10012753918

Can Intangible Capital Explain Cyclical Movements in the Labor Wedge?

Gourio, François - 2014

Intangible capital is an important factor of production in modern economies that is generally neglected in business cycle analyses. We demonstrate that intangible capital can have a substantial impact on business cycle dynamics, especially if the intangible is complementary with production...

Persistent link: https://www.econbiz.de/10013058694

Resurrecting the Role of the Product Market Wedge in Recessions

Bils, Mark - 2014

Employment and hours appear far more cyclical than dictated by the behavior of productivity and consumption. This puzzle has been called “the labor wedge” — a cyclical intratemporal wedge between the marginal product of labor and the marginal rate of substitution of consumption for...

Persistent link: https://www.econbiz.de/10013046159

The Labor Wedge : Mrs vs. Mpn

Karabarbounis, Loukas - 2013

Do fluctuations of the labor wedge, defined as the gap between the firm's marginal product of labor (MPN) and the household's marginal rate of substitution (MRS), reflect fluctuations of the gap between the MPN and the real wage or fluctuations of the gap between the real wage and the MRS? For...

Persistent link: https://www.econbiz.de/10013082427

The Changing Structure of Wages in the Us and Germany : What Explains the Differences?

Beaudry, Paul; Green, David A. - 2022

Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while the education composition of employment has evolved in a surprisingly parallel fashion. In this paper, we propose and test an explanation to these conflicting patterns. The...

Persistent link: https://www.econbiz.de/10013308603

The Evolution of Global Labor Markets Since 1830 Background Evidence and Hypotheses

Williamson, Jeffrey G. - 2021

regimes: 1830 to the late 1850s, the 1850s to World War I, the interwar decades, and the post-World War II experience. Third …

Persistent link: https://www.econbiz.de/10013248286

Wage and Productivity Premiums in Sub-Saharan Africa

Van Biesebroeck, Johannes - 2013

Using a matched employer-employee data set of manufacturing plants in three sub-Saharan countries, I compare the marginal productivity of different categories of workers with the wages they earn. A methodological contribution is to estimate the firm level production function jointly with the...

Persistent link: https://www.econbiz.de/10012753873

Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century

Cette, Gilbert - 2010

the United Kingdom and become the leading world economy. During the past 25 years, the four countries have also … extent also to France and Japan, a relative decline that was interrupted by the second world war (WW2); (iii) the remarkable … and knowledge spillovers. Most recently (in 2006), before the current financial world crisis, hourly labor productivity …

Persistent link: https://www.econbiz.de/10013149831

The Agricultural Productivity Gap

Gollin, Douglas - 2013

According to national accounts data, value added per worker is much higher in the non-agricultural sector than in agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural productivity gap" suggests that labor is greatly misallocated...

Persistent link: https://www.econbiz.de/10013073187