inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … in endogenous growth theory, but modified to allow for demand-side constraints. This is a novel approach, given that … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP …

productivity. Further, when our model is subjected to skill-upgrading and changes in employee bargaining power, it is capable of … employeesﾒ relative productivity, i.e., skill-biased technological change, are unlikely to have caused the increase in income …

From a theoretical perspective the link between the speed and scope of rapid labor reallocation and productivity growth … or income inequality is ambiguous. Do reallocations with more flows tend to produce higher productivity growth? Does such … and used these inputs to estimate the short-run and long-run relationship between labor market flows, labor productivity …

study how the earnings distribution changes with distortions that penalize high-productivity firms and frictions that reduce … much firms are willing to pay workers, how well high-skill workers are matched with high-productivity firms, and how much …