knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …

We develop an empirical framework to assess the importance of trade and technical change on the wages of production and … wages of non-production (high-skilled) relative to production (low-skilled) workers that occurred during the 1980s … sensitive, however, to our benchmark assumption that industry prices are independent of productivity. When we allow for the …

-neutral technology on hours worked, productivity and wages in a novel structural vector error correction framework identified by non …, productivity and wages. Structural inequality shocks also have a negative impact on hours worked, but additionally reduce … productivity. We find relevant effects of inequality both above and below the median wage. …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …

being acquired in the formal educational system, regardless the structure of wages paid for occupations in the economy. Some …