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The endogenous growth literature has explored the transition from a Malthusian world where real wages, living standards …
Persistent link: https://www.econbiz.de/10014051433
knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10011398011
Never in the past 30 years has productivity growth been lower than since the 2008 global financial crisis, and never has income inequality been higher than it is today in Japan, and in the OECD area. The two challenges have some common origins, including a widening productivity and wage gap...
Persistent link: https://www.econbiz.de/10011732717
of such a bias on relative wages. A first dimension lies in the extent of wage inequality, namely the aggravation of …
Persistent link: https://www.econbiz.de/10014219742
This paper identifies and analyses some key challenges that OECD and partner economies may face over the coming 50 years if underlying global trends relating to growth, trade, inequality and environmental pressures prevail. For example, global growth is likely to slow and become increasingly...
Persistent link: https://www.econbiz.de/10010374491
This paper presents a macroeconomic agent based model with endogenous innovation-driven growth and knowledge … shift in the income distribution from wages to profits eventually undermines aggregate demand and growth. Yet, simulation …
Persistent link: https://www.econbiz.de/10013220359
. Innovation takes place in a rich North while norms in a poor South imitate products manufactured in North. Introducing non …
Persistent link: https://www.econbiz.de/10011374049
This paper presents a dynamic North-South general equilibrium model with nonhomothetic preferences. Innovation takes …
Persistent link: https://www.econbiz.de/10009669642
Persistent link: https://www.econbiz.de/10011283125
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10011401020