knowledge sector is bounded, as productivity increases, the economy moves from a ?Solovian zone? where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …

performance-pay can explain 24 percent of the growth in the variance of male wages between the late 1970s and the early 1990s, and …

often inconsistent with profit maximization or imply implausibly large profits. The puzzle arises because popular estimators … the restrictions imposed by profit maximization (cost minimization) so that estimators are inconsistent or poorly … rather than production functions and demonstrates that the profit share in revenue is a robust non-parametric economic …

significantly higher wages when employed in more profitable firms. The time dimension of our matched employer-employee data allows … us to instrument firms' profitability by its lagged value. The instrumented elasticity between wages and profits is found …

), although this difference is very small. However, they generate the same amount of profit per unit of revenue as men. We find …