The levels of human capital and skills differ widely between continents and over time. While skills and human capital on the African continent have improved over time, a gap with other continents remains (Penn 2019). Of more concern, the gap in human capital between Africa and the rest of the...

Population ageing constitutes a central challenge to Finland. Understanding the Finnish economy's likely future trajectory and the key sources of growth is important for the design of policies to counteract these adverse long-term trends. For this purpose, we develop a novel long-run forecast...

We contribute a theory in which three channels interact to determine the degree of monopsony power and therefore the markdown of a worker's spot wage relative to her marginal product: (1) heterogeneity in worker-firm-specific preferences (non-wage amenities), (2) firm granularity, and (3) off-...