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来源类型Working Paper
规范类型报告
DOI10.3386/w22555
来源IDWorking Paper 22555
The Outlook for U.S. Labor-Quality Growth
Canyon Bosler; Mary C. Daly; John G. Fernald; Bart Hobijn
发表日期2016-08-25
出版年2016
语种英语
摘要Over the past 15 years, labor-quality growth has been very strong—defying nearly all earlier projections—and has added around 0.5 percentage points to an otherwise modest U.S. productivity picture. Going forward, labor quality is likely to add considerably less and may even be a drag on productivity growth in the medium term. Using a variety of methods, we project that potential labor-quality growth in the longer run (7 to 10 years out) is likely to fall in the range of 0.1 to 0.25 percent per year. In the medium term, labor-quality growth could be lower or even negative, should employment rates of low-skilled workers make a cyclical rebound towards pre-recession levels. The main uncertainties in the longer run are whether the secular decline in employment of low-skilled workers continues and whether the Great Recession pickup in educational attainment represents the start of a new boom or is simply a transitory reaction to a poor economy.
主题Labor Economics ; Labor Supply and Demand ; Development and Growth ; Growth and Productivity ; Country Studies
URLhttps://www.nber.org/papers/w22555
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/580229
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GB/T 7714
Canyon Bosler,Mary C. Daly,John G. Fernald,et al. The Outlook for U.S. Labor-Quality Growth. 2016.
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