Results 1 - 2 of 2 for recession [Author: Richard Rogerson]
Organizational Dynamics Over the Business Cycle: A View on Jobless Recoveries - Review
This article proposes a newexplanation for the apparent slow growth in employment during the past two recoveries. The authors’ explanation emphasizes dynamics within growing organizations and the intertemporal substitution of organizational restructuring.
Growth and the Kaldor Facts - Review
We revisit the Kaldor growth facts for the United States and the United Kingdom during the postwar period. We find that while overall the original Kaldor facts continue to hold, deviations occurred along several dimensions: Instead of staying constant, the growth rates of real GDP per worker and of real capital per worker have slowed down in the United States and the United Kingdom since the 1970s, the capital-to-output ratio has increased in the United Kingdom, and the share of income paid to labor has decreased in the United States since 1990.
research.stlouisfed.org/publications/review/2019/10/15/growth-and-the-kaldor-facts
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Richard Rogerson 2 items
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