Analysis of information sources in references of the Wikipedia article "Baumol effect" in English language version.
Suggested explanations for the faster growth of services employment include changes in the demand for goods and services as a result of rising incomes and relative price movements, slower productivity growth in services, the increasing participation of women in the labor force since World War II, and the growing importance of the public and nonprofit sector in general. But no consensus exists on the relative importance of the above factors in developing an adequate explanation of the sectoral shifts in employment.
{{cite book}}: |journal= ignored (help){{cite journal}}: Cite journal requires |journal= (help)The relatively constant productivity of college teaching…suggests that, as productivity in the remainder of the economy continues to increase, costs of running the educational organizations will mount correspondingly, so that whatever the magnitude of the funds they need today, we can be reasonably certain that they will require more tomorrow, and even more on the day after that.
The relatively constant productivity of college teaching…suggests that, as productivity in the remainder of the economy continues to increase, costs of running the educational organizations will mount correspondingly, so that whatever the magnitude of the funds they need today, we can be reasonably certain that they will require more tomorrow, and even more on the day after that.
{{cite book}}: |journal= ignored (help){{cite journal}}: Cite journal requires |journal= (help){{cite book}}: |journal= ignored (help){{cite journal}}: Cite journal requires |journal= (help)Suggested explanations for the faster growth of services employment include changes in the demand for goods and services as a result of rising incomes and relative price movements, slower productivity growth in services, the increasing participation of women in the labor force since World War II, and the growing importance of the public and nonprofit sector in general. But no consensus exists on the relative importance of the above factors in developing an adequate explanation of the sectoral shifts in employment.
The relatively constant productivity of college teaching…suggests that, as productivity in the remainder of the economy continues to increase, costs of running the educational organizations will mount correspondingly, so that whatever the magnitude of the funds they need today, we can be reasonably certain that they will require more tomorrow, and even more on the day after that.