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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 …
Persistent link: https://www.econbiz.de/10011401020
We estimate how much of the gains from productivity spillovers through worker mobility is retained by the hiring firms …
Persistent link: https://www.econbiz.de/10010204505
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temporary help service firm that records both workers' wages and their productivity as measured by the fees charged to client …-by-doing increases productivity more than wages. … frictions entails wage compression, larger productivity gain than wage growth to skill acquisition, and motivates a firm to …
Persistent link: https://www.econbiz.de/10013209297
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This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian … yield is short-lived, but elicits a persistent decline (increase) in wages (food prices). Negative local shocks affect only … wages, but not prices. This indicates that, in the food market, intra-regional trading mitigates the impact of local shocks …
Persistent link: https://www.econbiz.de/10012014073
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performance, and total factor productivity. Second, we investigate whether and how such effects are transmitted to the workers, in …, suggest that the negative effects on wages might be explained by a decrease in workers' bargaining power following the …
Persistent link: https://www.econbiz.de/10013414729