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 …

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

largest was a shortfall of 3.5 percentage points in total factor productivity. The fourth was a shortfall of 2.4 percentage … in the labor market and pessimistic about reversing the declines in total factor productivity and the part of the …

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 …