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things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …
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productivity differences, the model features profit and wage differentials across industries. We use this setting to study the …
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knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …
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In poor countries, labor productivity in agriculture is considerably lower than in the rest of the economy. We assess … than through labor productivities. Third, labor productivity in agriculture is severely mis-measured in the US. …
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their productivity draws at the entry stage and explore the implications in closed and open economy. By allowing firms to … productivity with a shape parameter that depends on industry-level characteristics. A novel result is that export opportunities, by …
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