total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … calculate welfare gaps and growth rates in a sample of developed countries with high-quality total factor productivity and …We show that the welfare of a country's infinitely-lived representative consumer is summarized, to a first order, by …

We prove that the change in welfare of a representative consumer is summarized by the current and expected future … values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … while taking prices parametrically. This result justifies TFP as the right summary measure of welfare (even in situations …

We estimate the impact of workforce diversity on productivity, wages and productivity-wage gaps (i.e. profits) using … econometric issues, show that educational (age) diversity is beneficial (harmful) for firm productivity and wages. The … industries. Overall, findings do not point to sizeable productivity-wage gaps except for age diversity. …

and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from … level surveys performed by the Statistical Offices. Our micro-econometric analysis confirms previous findings of concave age-productivity … the ceteris paribus lower level of productivity in firms with a higher share of female employees does not go hand in hand …

-employee data from Portugal. Using dynamic panel data methods, we quantify a firm-specific productivity term for each firm, and we …

preferences of our field participants and their productivity at work. We also find that the stock of social preferences evolves …

individual welfare for East Germans in the years following reunification. German reunification was unexpected and delivered a …-estimated the welfare gains immediately following reunification. The prediction error was largest for the young, the poorly educated …