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I estimate adjustment costs for labor and capital from the Euler equations for factor demand. For both factors, I find relatively strong evidence against substantial adjustment costs. My estimates use...
Factor Shares, the Price Markup, and the Elasticity of Substitution between Capital and Labor
elasticity of substitution price markup factor shares capital deepening
2012/10/23
In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Douglas production function and perfect competition. Given the observed decline of the labor share in re...
Immigration and the Occupational Choice of Natives: A Factor Proportions Approach
immigration occupations
2012/11/1
This paper evaluates the impact of immigration on the labor market outcomes of natives in France over the period 1962-1999. Combining large (up to 25%) extracts from six censuses and data from Labor F...
This article presents multi-factor productivity, sometimes referred to as total factor productivity or growth accounting, results for 1997 to 2005 using an experimental quality-adjusted labour input m...
Multi-factor productivity:estimates for 1997 to 2006
Multi-factor productivity estimates for 1997 to 2006
2009/11/4
This article presents multi-factor productivity, sometimes referred to as total factor productivity or growth accounting, results for 1997 to 2006 using an experimental quality-adjusted labour input m...
Multi-factor productivity (MFP), sometimes referred to as 'total-factor productivity' or 'growth accounting', is a method of analysing productivity which allows for a more in-depth assessment of perfo...
New data from the CPS indicate that women have fewer years in their current occupations than men, a factor which affects the earnings disparity.
Development of new data sources, better utilization of existing sources, and broader coverage are some of the ways in which BLS improved it productivity measures; progress has been made, but inadequac...