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

may be ineffective. We show how supply side policies can stimulate employment by raising worker productivity or reducing … labor costs. Our analysis indicates that when wages and prices are flexible, product demand policies have no significant … effect on employment unless these policies stimulate labor productivity, the entry of firms, capital utilization or …

productivity relative to the aggregate economy leads to a rise in relative wages of 0.1-0.2%. As a corollary to this, outside …

relationship between firm age and employee compensation as well as firm age and firm productivity suggest that there may be at …

wage affects wages even though, after imposition, the lowest wage in the market exceeds the minimum wage. The model has …

productivity) is low. Secondly, our estimates of the effects of training on wages are about half the size of the effects on …There is a vast empirical literature on the effects of training on wages that are taken as an indirect measure of … productivity. This paper is part of a smaller literature on the effects of training on direct measures of industrial productivity …

1990, we find that at the urban level richer diversity is systematically associated with higher average nominal wages for … the positive correlation between wages and diversity survives a battery of robustness checks, it seems to be larger once … wages. Comparing real and nominal wages across cities, we interpret these results as evidence that diversity enhances …