This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income …

We analyze the effects of automation on the wages of high-skilled and low- skilled workers and thereby on the evolution … wages of low-skilled workers, and iii) an increasing skill-premium. These developments are consistent with the experience in …

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good … 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 …