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Results tagged with empirical-evidence
Search options questions only
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user 43
6
votes
1
answer
143
views
Gali and van Rens: The Vanishing Procyclicality of Labor Productivity
Let's see how questions like the following are taken here.
Gali and van Rens, 2014 show that empirically, the correlation between $Y, Y/L$ has been declining over time. In fact, it only was a "real t …
- 10.8k
2
votes
1
answer
199
views
Value added by workers
Is there any empirical evidence on the value added by workers?
That is, their "productivity" minus the wage payments, social security benefits etc. that are paid by the firm?
I'm eventually looking …
- 10.8k
5
votes
1
answer
590
views
Are profits procyclical?
This is somewhat related, but distinct from Cyclicality of Markups
Basically, I'm looking for papers on whether firms profits are (on average) procyclical or not, and I appreciate theoretical, but lo …
- 10.8k
5
votes
0
answers
210
views
Consumption-Leisure Elasticity
The macro-literature insists on a consumption-leisure elasticity of 0 to match the balanced growth fact of constant labor supply.
Is there any paper that tries to evaluate this elasticity using micr …
- 10.8k
4
votes
1
answer
135
views
Reasons for the recent rise in long-term unemployment
Kroft et al document the raise of long-term unemployed in the US during the recent crises. This is an impressive figure from their paper:
They show that the raise does not come from compositional e …
- 10.8k