41 research outputs found

    A Retrospective Look at the U.S. Productivity Growth Resurgence

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    It is now widely recognized that information technology (IT) was critical to the dramatic acceleration of U.S. labor productivity growth in the mid-1990s. This paper traces the evolution of productivity estimates to document how and when this perception emerged. Early studies concluded that IT was relatively unimportant. It was only after the massive IT investment boom of the late 1990s that this investment and underlying productivity increases in the IT-producing sectors were identified as important sources of growth. Although IT has diminished in significance since the dot-com crash of 2000, we project that private sector productivity growth will average around 2.5 percent per year for the next decade, a pace that is only moderately below the average for the 1995-2005 period

    Human development: selected readings

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    Trajectories of Retirement in Later Life: A Group-Based Modeling Approach

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    Wang (2013) noted a paucity of retirement research that utilized longitudinal study designs. Following Tang and Burr\u27s (2015) retirement research, this study analyzed retirement trajectories using a combination of latent class analysis and group-based trajectory modeling. This study identified the number and types of retirement trajectories using multiple indicators of labor force participation and retirement. Using the Health and Retirement Study data (1998-2004), this study found at baseline that four latent classes (not retired, retired, partially retired, homemakers) produced an optimal fit to the data. Thereafter, group-based trajectory modeling showed two divergent retirement trajectories over the remaining time periods. Chi-square tests were applied to the baseline classes to test for differences by gender or race. Although chi-square tests showed differences in retirement status by gender and race, once controls were added for age, health, marital status and education, the race and gender differences in retirement status were no longer statistically significant. Consistent with the research literature, the following covariates were associated with a greater likelihood of transitioning to retirement: increasing age, poor health, spousal influence, and less education. Further retirement research using the novel methodologies of latent class analysis and group-based trajectory modeling is warranted

    Letters to the Editor

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    Discovery of Trends and States in Irregular Medical Temporal Data

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