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productivity differences, the model features profit and wage differentials across industries. We use this setting to study the …
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things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …
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Postel-Vinay and Robin' (2002) sequential auction model is extended to allow for aggregate productivity shocks. Workers … exhibit permanent differences in ability while firms are identical. Negative aggregate productivity shocks induce job … worker heterogeneity thus provides a mechanism for amplifying productivity shocks that offers an original solution to the …
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productivity differences, the model features profit and wage differentials across industries. We use this setting to study the …
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