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fluctuations, both at the aggregate level and at the level of individual industries. We construct a New Keynesian DSGE model that …-specific, uncorrelated across industries. The bulk of the aggregate fluctuations, including those in aggregate measured productivity, are …
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One of the less well-understood channels through which technology affects labor market outcomes is the creation of new types of work. In this paper, we investigate the emergence of new occupations by comparing various classifications of occupations and predicting probabilities to access them...
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identifying as key determinants productivity growth, capital-labour conflict, the relevance of trade unions and different …, productivity growth and capital-labour conflict, with profits driven by product innovation and offshoring, and wages rising faster …
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