total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … the degree of market competition. It applies to open economies as well, if total factor productivity is constructed using … productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need to be …

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 …

Udry (1996) uses household survey data and finds that the allocation of resources within households is Pareto …

, the hypothesis that input quality and plant productivity are complementary in generating output quality. We embed this …