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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...
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.