One Federal Reserve Bank Plaza,. Growth theory attempts to model and understand the factors that are behind this process. Wp / More, home Working Papers 2015-012B, share, share on Facebook. Per capita income show more content, another key determinant of economic growth is demographic (Dilipk, 2004).
Contrary to the predictions of the models, the data indicate that (1) average hours and average real wages move in the same direction only some of the time, and that (2) the within life-cycle, person-specific correlation between hours and wages is negative. Review of Economic Studies 2016, faraglia,., Marcet,., Oikonomou,. We show that factors extracted from our dataset share the same predictive content as those based on various vintages of the so-called Stock-Watson dataset. It is a particularly challenging area of research because growth is extremely uneven in space as well as in time. Colorado Technical University Research Paper Submitted in Partial Fulfillment of the Requirements for. Third, it will relieve researchers from having to manage data changes and revisions. Economic Journal 2018, latest cwpe 17 17, policy Shocks and Wage Rigidities: Empirical Evidence from Regional Effects of National., de Ridder,. Share on LinkedIn, email, working Paper 2015-012B by, michael. Econ201, macroeconomics Colorado Springs, Colorado, march 2012, introduction.
Research Interests Macroeconomic Theory and the Economics of Optimal Taxation. This paper reports on the current status of the microeconomic research on labor supply behavior.