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Some aspects of optimal unemployment insurance
*The original version of this paper was written for the Office of ASPER of the U.S. Department of Labor in 1975. This is a revision of ‘Unemployment insurance as a social insurance program’ presentedExpand
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Wages and Employment under Uncertain Demand
This paper examines some implications of two postulates for firms' wage and employment policies. The first is that firms, or stockholders, have easier access to capital markets at lower costs orExpand
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Downsizing and productivity growth: Myth or reality?
The conventional wisdom is that the rising productivity in the U.S. manufacturing sector in the 1980s has been driven by the apparently pervasive downsizing over this period. Aggregate evidenceExpand
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Labor Productivity: Structural Change and Cyclical Dynamics
A longstanding issue in empirical economics is the behavior of average labor productivity over the business cycle. This paper provides new insights into the cyclicality of aggregate laborExpand
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The Squam Lake Report: Fixing the Financial System
In the fall of 2008, fifteen of the world's leading economists--representing the broadest spectrum of economic opinion--gathered at New Hampshire's Squam Lake. Their goal: the mapping of a long-termExpand
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The Productivity Slowdown, Measurement Issues, and the Explosion of Computer Power
No abstract is available for this paper.
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Productivity Growth and Materials Use in U.S. Manufacturing [Productivity and the Services of Capital and Labor].
This paper argues that the slowdown in labor productivity growth that has occurred since 1968 and particularly since 1973 has probably been caused by a decline in the services of capital and laborExpand
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On the Theory of Layoffs and Unemployment
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