(workers) receive income only from wages while the old (capitalists) receive income only from savings. The authors characterize …

We analyse the behaviour of a multi-sector small open economy with involuntary unemployment due to fair wages. The …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zoneʺ 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 …

hand and wages of workers employed by this firm on the other hand. The latter establishes an exporter wage premium, since … in terms of both operating profits and average wages. We also find evidence for gains from trade for all five countries … ; Heterogeneous firms ; Fair wages ; Labour market imperfections ; Exporter wage premium …