We investigate the employment consequences of deindustrialization for 1,993 cities in France, Germany, Great Britain … number of cities was able to adapt to the negative shock caused by deindustrialization. The U.S. has the lowest share … then seek to understand why some former manufacturing hubs recovered while others didn't. We find that deindustrialization …

wages and productivity across establishments. The second is that the increased dispersion in wages and productivity across … productivity dispersion have increased substantially over the last few decades, and (4) a substantial fraction of the rising … dispersion in wages and productivity is accounted for by increasing wage and productivity differentials across high and low …

prices and total factor productivity (TFP) with the aim of highlighting data patterns that are useful for evaluating business … run movements in total factor productivity and (ii) such stock prices innovations do not affect U.S. sectoral TFPs …

our benchmark assumption that industry prices are independent of productivity. When we allow for the endogeneity of …

firms earn higher pay at all earnings levels. Second, this pay-productivity relationship strengthens with seniority …, doubling from an elasticity of 0.07 for pay on productivity for the median-paid employee to 0.15 for the top-paid employee … rising productivity can explain 40% of the rise in within-firm inequality since 1980 …