Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Hopefully I'll have more time to comment later on, but for now I want to pick out this sentence:

The combination of this trend's timing and its cross-country pattern is consistent with a technological cause: faster innovation increasing the rate of obsolescence in capital goods and the ex ante rate of churn in the labour market.

I'm pretty cynical about this meme. As Krugman amongst others have noted, the combination of timing and cross-country pattern can also be related to various political developments and various geo-political issues too.

by Metatone (metatone [a|t] gmail (dot) com) on Wed Jan 30th, 2008 at 04:03:11 AM EST
The authors note that their explanation is more consistent than any other that has been put forward... but there is enough discrepancy between the countries to ask whether it's coincidental. will be back later... that is, tomorrow morning in good ol' europe.

Rien n'est gratuit en ce bas monde. Tout s'expie, le bien comme le mal, se paie tot ou tard. Le bien c'est beaucoup plus cher, forcement. Celine
by UnEstranAvecVueSurMer (holopherne ahem gmail) on Wed Jan 30th, 2008 at 11:11:41 AM EST
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