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This paper formalises the analysis of the employment-productivity trade-off by extending the framework developed by Gordon (1997) to account for labour heterogeneity.
This paper discusses options for removing the remaining barriers that impede worker reallocation across jobs, sectors, and regions into more productive activities.
The Indonesian labour market is segmented, with a majority of workers engaged in informal sector occupations, and earnings data are available only for formal sector workers (salaried employees). This posed problems for the estimation of earnings equations.
This paper assesses the quantitative importance of the working-age population broken down by age, gender and education in explaining differences in employment and productivity levels across countries.
As in other catch-up countries inflation is likely to stay high going forward due to nominal convergence in Slovakia.
The Australian education system fares well in international comparison with regards to PISA test scores and the higher education system attracts an increasing number of foreign students. However, a number of challenges need to be addressed.
The age of retirement of employees should be raised by eliminating mandatory retirement and phasing out the retirement allowance. Active labour market policies should focus on policies to expand human capital rather than wage subsidies.
Increasing productivity growth in the service sector, which accounts for 67% of employment and 58% of value added in Korea, is essential to sustain high potential growth.
Impressive progress has been made in raising participation in early childhood education as well as tertiary educational attainment over the past 30 years. However, the inflow of poorly educated youth into the labour market is unusually heavy for a high income country.
This paper develops and applies a simple “conditional growth” framework to make long-term GDP projections for the world economy.