Download or read book What Explains the Decline of the U S Labor Share of Income An Analysis of State and Industry Level Data written by Mr.Yasser Abdih and published by International Monetary Fund. This book was released on 2017-07-25 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. labor share of income has been on a secular downward trajectory since the beginning of the new millennium. Using data that are disaggregated across both state and industry, we show the decline in the labor share is broad-based but the extent of the fall varies greatly. Exploiting a new data set on the task characteristics of occupations, the U.S. input-output tables, and the Current Population Survey, we find that in addition to changes in labor institutions, technological change and different forms of trade integration lowered the labor share. In particular, the fall was largest, on average, in industries that saw: a high initial intensity of “routinizable” occupations; steep declines in unionization; a high level of competition from imports; and a high intensity of foreign input usage. Quantitatively, we find that the bulk of the effect comes from changes in technology that are linked to the automation of routine tasks, followed by trade globalization.
Download or read book Secular Drivers of the Natural Rate of Interest in the United States A Quantitative Evaluation written by Josef Platzer and published by International Monetary Fund. This book was released on 2022-02-11 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a heterogeneous agent, overlapping generations model with nonhomothetic preferences that nests several explanations for the decline in the natural rate of interest (r∗) suggested in the literature: demographic change, a slowdown in productivity growth, a rise in income inequality, and public policy. The model can account for a 2.2 percentage point (pp) decline in r∗ between 1975 and 2015, which is within the range of empirical estimates. Rising income inequality is an important driver (-0.70 pp), and together with demographic change (-0.71 pp) and the slowdown in productivity growth (-1.0 pp) explains most of the decline. Growing public debt is the major counteracting force (+0.31 pp). Permanent income inequality is of greater importance than inequality due to uninsurable income risk, and matching the degree of nonhomotheticity in consumption and savings behavior to empirical estimates is essential for this result. We predict that r∗ will reach a low of 0.38% by 2030, after which a slow reversal will begin. The natural rate will stabilize at 1% in the long run, a low level when compared with the postwar path of r∗ implied by the model. This remains true even if we take into account soaring public debt levels due to the COVID-19 pandemic. Policy can have considerable impact on the level of r∗ through the tax and transfer system.
Download or read book The British Growth Crisis written by J. Green and published by Springer. This book was released on 2015-02-10 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Britain remains mired in the most severe and prolonged economic crisis that it has faced since the 1930s. What would it take to find a new, more stable and more sustainable growth model for Britain in the years ahead? This important volume written by a number of influential commentators seeks to provide some answers.
Download or read book Pharmaceutical Industry and Public Policy in Post reform India written by Reji K. Joseph and published by Routledge. This book was released on 2015-07-24 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the impact of economic reforms in India on the pharmaceutical industry and access to medicines. It traces the changing production and trade pattern of the industry, research and development (R&D) preferences and strategies of Indian pharmaceutical firms, patent system alongside pricing policy measures and their shortcomings. It also analyses the public health financing system in India driven largely by out-of-pocket expenditure — about 60 per cent — and characterised by very high share of medicines in total health expenditure. A masterful insight into a topical area, the work will be indispensable to those working on pharmaceutical industry and public policy. It will be of interest to researchers, scholars, students, and policy-makers of economics, industrial policy, public policy, intellectual property rights and health financing.
Download or read book The System of Doctrines Contained in Divine Revelation Explained and Defended To which is Added a Treatise on the Millennium written by Samuel HOPKINS (D.D., Pastor of Newport, U.S.) and published by . This book was released on 1793 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Great Demographic Reversal written by Charles Goodhart and published by Springer Nature. This book was released on 2020-08-08 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This original and panoramic book proposes that the underlying forces of demography and globalisation will shortly reverse three multi-decade global trends – it will raise inflation and interest rates, but lead to a pullback in inequality. “Whatever the future holds”, the authors argue, “it will be nothing like the past”. Deflationary headwinds over the last three decades have been primarily due to an enormous surge in the world’s available labour supply, owing to very favourable demographic trends and the entry of China and Eastern Europe into the world’s trading system. This book demonstrates how these demographic trends are on the point of reversing sharply, coinciding with a retreat from globalisation. The result? Ageing can be expected to raise inflation and interest rates, bringing a slew of problems for an over-indebted world economy, but is also anticipated to increase the share of labour, so that inequality falls. Covering many social and political factors, as well as those that are more purely macroeconomic, the authors address topics including ageing, dementia, inequality, populism, retirement and debt finance, among others. This book will be of interest and understandable to anyone with an interest on where the world’s economy may be going.
Download or read book The System of Doctrines Contained in Divine Revelation Explained and Defended written by Samuel Hopkins and published by . This book was released on 1793 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book India and the Knowledge Economy written by Anand Kulkarni and published by Springer Nature. This book was released on 2019-08-24 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book asks fundamental questions about the extent to which India is participating in the global shift towards knowledge-based forms of competitiveness. It charts Indian performance and progress using a unique framework benchmarked against fourteen other countries. In the course of the analysis, critical areas for improvement are identified, and the book provides detailed and objective insights for policy-makers and researchers to facilitate change and institutional reform in India. Readers will derive a comprehensive understanding of India’s performance and prospects as it emerges as a serious global economic player. A particular feature of the work is the development of an original knowledge footprint concept that measures the extent and impact of knowledge development and diffusion domestic and internationally.The views expressed in this book are the author’s.
Download or read book Geography Workbook 1 written by Manocha and published by Pearson Education India. This book was released on 2009-09 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Statistics and Data Visualization Using R written by David S. Brown and published by SAGE Publications. This book was released on 2021-08-04 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statistics and Data Visualization Using R: The Art and Practice of Data Analysis teaches students statistics visually, focusing on interpreting graphs and charts to learn statistical concepts, from the mean through regression.
Download or read book Clinical Trials Explained written by David J. Kerr and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: What will happen during and after a clinical trial? How will a trial affect my quality of life? What are the benefits and risks of a trial? What does giving consent mean and what will it involve? Will I incur costs during and because of the trial? These are the questions that should be raised every time a health care professional talks through with a patient the pros and cons of entering a clinical trial. Clinical Trials Explained has been designed in consultation with doctors and patients who have taken part in trials, providing an essential and detailed guide to the clinical trials process. It therefore helps both clinicians and patients make well-informed decisions on whether to take part in a clinical trial.
Download or read book Brookings Papers on Economic Activity Spring 2017 written by Janice Eberly and published by Brookings Institution Press. This book was released on 2017-10-10 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.
Download or read book The Rise and Decline of Nations written by Mancur Olson and published by Yale University Press. This book was released on 2008-10-01 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading political economist advances a new theory to explain the postwar shifts in the relative economic fortunes and positions of various nations and regions.
Download or read book Birth Defects written by Janet V. Engels and published by Nova Publishers. This book was released on 2006 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Birth defects are defined as abnormalities of structure, function, or body metabolism that are present at birth. These abnormalities lead to mental or physical disabilities or are fatal. There are more than 4,000 different known birth defects ranging from minor to serious, and although many of them can be treated or cured, they are the leading cause of death in the first year of life. This book presents leading research in this field from around the world.
Download or read book Industrial Policy written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic Stabilization and published by . This book was released on 1984 with total page 686 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Augustus C Brown as Ancillary Administrator of Mary R Buruside Deceased Against The Framers Loan and Trust Company written by and published by . This book was released on 1889 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Molecular Ecology of Aquatic Communities written by J.P. Zehr and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a compendium of molecular biology applications for the study of aquatic community ecology. The collection presents the diversity of approaches that have been used, and provides future directions for the study of `molecular ecology' of aquatic communities, from viruses to fish, and in aquatic systems ranging from freshwater streams and lakes to estuaries and oceans. This collection of papers will provide a useful text and resource for upper-level undergraduate and graduate students in ecology, as well as for the researcher and educator.
