knowledge sector is bounded, as productivity increases, the economy moves from a ‘Solovian zone’ where wages increase with … their bliss point can only be made better off by an increase in diversity. If wages are set by monopoly unions rather than … always reduces employment in the material goods sector. International trade may reduce wages in poor countries and increase …

labour share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data …

wages and hours. Then, we consider the effects of a legislation restricting the maximum working time, while we let wages … respond endogenously. In general, this regulation benefits workers, both unemployed and employed (even if wages decrease), but …

and that underemployment could be "Keynesian" in the sense that it cannot be cured by downward-flexible real wages. (iii … redistribution is Pareto-improving. (iv) An exogenous increase in (minimum) real wages have a cost effect (that lets firms reduce …