wages and productivity across establishments. The second is that the increased dispersion in wages and productivity across … productivity dispersion have increased substantially over the last few decades, and (4) a substantial fraction of the rising … dispersion in wages and productivity is accounted for by increasing wage and productivity differentials across high and low …

prices and total factor productivity (TFP) with the aim of highlighting data patterns that are useful for evaluating business … run movements in total factor productivity and (ii) such stock prices innovations do not affect U.S. sectoral TFPs …

our benchmark assumption that industry prices are independent of productivity. When we allow for the endogeneity of …

, we examine how the productivity of these firms is influenced by their internal wage dispersion. To do so, we use a large … dispersion has a positive and significant effect on firm productivity. This result is robust to controls for individual and firm …

by a shock that does not affect productivity in the short run -- and therefore does not look like a standard technology … shock -- but affects productivity with substantial delay -- and therefore does not look like a monetary shock. One … precede productivity growth by a few years. Moreover, we show that this shock explains about 50\% of business cycle …

productivity of women is less than that of men, but not by enough to fully explain the gap in wages, a result that is consistent … that both the wage and productivity profiles are rising but concave to the origin (consistent with profiles quadratic in … age), but the estimated relative wage profile is steeper than the relative productivity profile, consistent with models of …

marginal productivity of different categories of workers with the wages they earn. Under certain conditions, the wage premiums … for worker characteristics should equal the productivity benefits associated with them. I find that equality holds …). Differences between wage and productivity premiums are most pronounced for characteristics that are clearly related to human …

bubbles tend to appear and expand in countries where productivity is low relative to the rest of the world. These bubbles … productivity countries. Through this channel, bubbles act as substitute for international capital flows, improving the …