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Demographics and Technology Explain Secular Stagnation and More (Vox EU) Argues that lower fertility and population ageing are likely to generate more automation, which will lead to a reduction in GDP per capita growth and the labour income share. [More Populism]
Involuntary Part-Time Work a Decade after the Recession (Federal Reserve Bank of San Francisco) San Fran Fed identify shifts in the US labour market over the past decade. The bottom line is that full-time work has become scarce and voluntary part-time employment has exceeded its pre-recession level. [More Populism]
The Intellectual Spoils of War? Defense R&D, Productivity and International Spillovers (NBER Working Paper) Empirical evidence from major OECD countries shows that a 10% increase in government-funded R&D in the defense sector generates privately-financed defense R&D by 4.3% and encourages private investments in other nations. [Bullish Big Military Countries]