productivity differences, the model features profit and wage differentials across industries. We use this setting to study the …

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 …

things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …

continuous rise in labour productivity. It is related to the Okun coefficient which describes the relationship between the …