Abstract
In the United States, as in other countries, the share of employment in service-producing industries has increased over time. While the implications of this sectoral shift for issues such as productivity and wages has received attention, there has been little work considering the implications of this shift for economic stability. This paper takes a step toward filling the gap.
We would like to thank Barry Bosworth, David Romer, Bill Wascher and seminar participants at the Federal Reserve Board and the Wharton Conference on Services for useful discussions and suggestions. The views in this paper represent those of the authors and not of the Board of Governors or its staff.
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Lebow, D.E., Sichel, D.E. (1995). Is The Shift Toward Employment In Services Stabilizing?. In: Harker, P.T. (eds) The Service Productivity and Quality Challenge. International Studies in the Service Economy, vol 5. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-0073-1_4
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DOI: https://doi.org/10.1007/978-94-011-0073-1_4
Publisher Name: Springer, Dordrecht
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