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This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10010262477
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005762377
distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …
Persistent link: https://www.econbiz.de/10010262329
innovation. …
Persistent link: https://www.econbiz.de/10013426389
satiation. This, despite that the social costs of innovation are second order compared to their social benefits. Multiple … savings reduces interest rates, which boosts the rate of innovation. When TFP grows exogenously and labor supply is …
Persistent link: https://www.econbiz.de/10011744591
distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …
Persistent link: https://www.econbiz.de/10005762372
The pandemic catalyzed an enduring shift to remote work. To measure and characterize this shift, we examine more than 250 million job vacancy postings across five English-speaking countries. Our measurements rely on a state-of-the-art languageprocessing framework that we fit, test, and refine...
Persistent link: https://www.econbiz.de/10014296724
discuss some implications of the big shift for pay, productivity, and the pace of innovation. Over the next five years, U …
Persistent link: https://www.econbiz.de/10014377339
I study a model where Information Technology, while typically increasing overall inequality, is likely to harm some people at intermediate and high levels of the distribution of income but to benefit people at the bottom. Within a given occupation it may harm some workers while benefitting...
Persistent link: https://www.econbiz.de/10010262486
I study a model where Information Technology, while typically increasing overall inequality, is likely to harm some people at intermediate and high levels of the distribution of income but to benefit people at the bottom. Within a given occupation it may harm some workers while benefitting...
Persistent link: https://www.econbiz.de/10005762378