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Deindustrialization redeploys workers to growing service sector

Valerie Grossman and Michael Sposi ()

Economic Letter, 2014, vol. 9, issue 11, 4 pages

Abstract: The decline of industrial employment in advanced economies is part of a long-term structural transition. A growing service sector, with an increasing share of jobs, has become key to long-run productivity growth.

Date: 2014
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