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Labor economics --- Working class --- Économie du travail --- Travailleurs --- Periodicals. --- Périodiques. --- Canada. --- Canada

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331 --- 331 Arbeid. Labour economics. Arbeidseconomie --- Arbeid. Labour economics. Arbeidseconomie --- Labour economics --- Labor economics --- Économie du travail

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Labor economics. --- Labor policy. --- Personnel management. --- Economie du travail --- Travail --- Personnel --- Politique gouvernementale --- Direction --- 000.1 --- 331.5 --- Algemene werken --- Arbeidseconomie

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Modern labor economics has continued to grow and develop since the first volumes of this Handbook were published. The subject matter of labor economics continues to have at its core an attempt to systematically find empirical analyses that are consistent with a systematic and parsimonious theoretical understanding of the diverse phenomenon that make up the labor market. As before, many of these analyses are provocative and controversial because they are so directly relevant to both public policy and private decision making. In many ways the modern development in the field of labor economics co

331 --- Labor economics --- Economics --- 331 Arbeid. Labour economics. Arbeidseconomie --- Arbeid. Labour economics. Arbeidseconomie --- Business & Economics --- Labor & Workers' Economics --- Économie du travail. --- Labor economics.

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This book investigates the existence of stochastic and deterministic convergence of real output per worker and the sources of output (physical capital per worker, human capital per worker, total factor productivity –TFP– and average annual hours worked) in 21 OECD countries over the period 1970-2011. Towards this end, the authors apply a large battery of panel unit root and stationarity tests, all of which are robust to the presence of cross-sectional dependence. The evidence fails to provide clear-cut evidence of convergence dynamics either in real GDP per worker or in the series of the sources of output. Due to some limitations associated with second-generation panel unit root and stationarity tests, the authors further use the more flexible PANIC approach which provides evidence that real GDP per worker, real physical capital per worker, human capital and average annual hours exhibit some degree of deterministic convergence, whereas TFP series display a high degree of stochastic convergence.

Economics/Management Science. --- Macroeconomics/Monetary Economics. --- Econometrics. --- Labor Economics. --- Economics. --- Labor economics. --- Macroeconomics. --- Economie politique --- Econométrie --- Economie du travail --- Macroéconomie --- Business & Economics --- Economic Theory --- Convergence (Economics) --- Economic convergence --- Macroeconomics/Monetary Economics//Financial Economics. --- Economics --- Economics, Mathematical --- Statistics