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We examine trends in wage inequality in the US and other countries over the past four decades. We show that there has been a secular increase in the 90-50 wage differential in the US and the UK since the late 1970s. By contrast the 50-10 differential rose mainly in the 1980s and flattened or...
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: competition, business environment, learning spillovers and human capital. Collectively, these drivers account for about a third of …
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Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …
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: competition, business environment, learning spillovers and human capital. Collectively, these drivers account for about a third of …
Persistent link: https://www.econbiz.de/10011653452
management on firm performance; (ii) a positive relationship between product market competition and average management quality … (part of which stems from the larger covariance between management with firm size as competition strengthens); and (iii) a …
Persistent link: https://www.econbiz.de/10011494359
We examine the economic analysis of the relationship between innovation and product market competition. First, we give … idea that innovation rises and then eventually falls as the intensity of competition increases. Thirdly, we look at recent … applications and development of the framework in the areas of competition policy, international trade and structural Industrial …
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