productivity. Further, when our model is subjected to skill-upgrading and changes in employee bargaining power, it is capable of … employees’ relative productivity, i.e., skill-biased technological change, are unlikely to have caused the increase in income …

outcome variables – labour productivity, employment and wages. In a second step, an illustrative set of changes in trading … European value chains. Labour productivity and wages are negatively affected across most sectors, but the effects are smaller … of data. As an initial case study, the analysis is for the United Kingdom which has weak regional productivity outside …

as both individual-level and firm-level productivity metrics. We find that human capital exits firms after a negative …-term productivity. They get replaced with lower productivity players. Overall, our results show that in a setting with highly … transferable skills, idiosyncratic shocks lead to a reallocation of human capital that moves the industry towards a better overall …