the one hand, as wage uncertainty rises, so does the cost associated with missing insurance markets. On the other hand …, greater wage inequality presents opportunities to increase aggregate productivity by concentrating market work among more … the result of a welfare gain of around 5% from the endogenous increase in productivity coupled with a loss of around 7 …

dynamic performance of the US economy before 1950. A comparison with the United Kingdom, still the world productivity leader …s and the 1940s. Furthermore, this earlier process of catching up was driven by the dynamic productivity performance of … exporter of manufactured goods not simply by catching-up in labour productivity terms, but by holding the growth of real wages …

correlation between hours worked and labour productivity. In this Paper, I show that this conjecture is not necessarily correct …. In the basic RBC model, I find that hours worked fall and labour productivity rises after a positive permanent technology … positive permanent technology shock along with a rise in labour productivity that are in line with what the data suggests. …

This paper explores the role of replacement and innovation in shaping investment and productivity during episodes of … productivity under different innovative strategies. We find that productivity increases after an investment spike in innovative …

Labour productivity in the US has recently grown more strongly than in most European countries. It is often argued that … the American productivity increase is due to the widespread introduction of new information and communication technologies … (ICT). But why have the same technologies not similarly increased Europe's labour productivity? This paper provides a …

This Paper studies the inter-temporal problem of a monopolistic firm that engages in productivity-enhancing innovations … to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches … time. Otherwise, it will gradually reduce its innovation effort over time and ultimately terminate production. Productivity …

predictions of this model against data from the British Household Panel Survey, using earnings as a proxy for productivity. We … theoretical calculations show that the estimated earnings differentials represent average productivity differentials net of … monitoring costs, but not of the disutility of additional effort expended by workers. But the productivity differential is not a …

labour productivity and to improve industrial relations in the firms concerned. These schemes appear to have increased …

This paper provides three perspectives on long-run growth rates of labor productivity (LP) and of multi …-factor productivity (MFP) for the U. S. economy. It extracts statistical growth trends for labor productivity from quarterly data for the …

of agricultural productivity in this part of China was, however, at about the same level as in the Netherlands (and … England), but large productivity gaps existed in industry and services (with the exception of government services). We also … differences in labour productivity. …