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Productivity and Wages : What Was the Productivity-Wage Link in the Digital Revolution of the Past, and What Might Occur in the AI Revolution of the Future?

Lazear, Edward P.; Shaw, Kathryn; Hayes, Grant E.; … - National Bureau of Economic Research - 2022

Wages have been spreading out across workers over time - or in other words, the 90th/50th wage ratio has risen over … calculations of productivity by skill level for the U.S., we show that the distributions of both wages and productivity have spread … exists, such that gains in aggregate productivity, or GDP per person, have resulted in higher wages for workers at the top …

Persistent link: https://www.econbiz.de/10013477226

Infinite portfolio strategies

LeRoy, Stephen F. - In: Contemporary economics 6 (2012) 4, pp. 54-60

In continuous-time stochastic calculus a limit in probability is used to extend the definition of the stochastic integral to the case where the integrand is not square-integrable at the endpoint of the time interval under consideration. When the extension is applied to portfolio strategies,...

Persistent link: https://www.econbiz.de/10009768154

Infinite Portfolio Strategies

Leroy, Stephen F. - 2013

Persistent link: https://www.econbiz.de/10013088860

Optimal Investment Policy : An Application of Stokes' Theorem

Sethi, Suresh - 2014

An application of the Stokes' theorem is illustrated by solving the two state problem, with inequality constraints, of Dobell and Ho concerning the optimal investment of resources. Whenever applicable, the Stokes' theorem approach seems to be elegant and parsimonious

Persistent link: https://www.econbiz.de/10013071076

Estimating the effects of the minimum wage in a developing country : a density discontinuity design approach

Jales, Hugo - 2017

relationship between latent sector and wages. I apply the method in the "PNAD", a nationwide representative Brazilian cross …

Persistent link: https://www.econbiz.de/10012112129

Decomposing Changes in the Distribution of Real Hourly Wages in the U.S.

Fernández-Val, Iván; Peracchi, Franco; Vella, Francis; … - 2019

We analyze the sources of changes in the distribution of hourly wages in the United States using CPS data for the … annual hours of work and estimating a nonseparable model of wages which uses a control function to account for selection … distribution. We decompose changes in the distribution of wages into composition, structural and selection effects. Composition …

Persistent link: https://www.econbiz.de/10012122973