Introduces a decomposed labor-weighted Fitness indicator of structural change and associates it with reduced employment growth, lower wage inequality, and increased labor share in 2010-2018 European data.
Each strategy is compared and validated using information from the complete country- industry time series
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Structural Change, Employment, and Inequality in Europe: an Economic Complexity Approach
Introduces a decomposed labor-weighted Fitness indicator of structural change and associates it with reduced employment growth, lower wage inequality, and increased labor share in 2010-2018 European data.