and wages in high wage countries. The view is that firms in high cost production locations that do not innovate are faced … wage benefits of such activity is rather sparse. In this paper we first survey some existing literature on innovation and …, so that they can sustain local employment and pay high wages. Policies to subsidise R&D and to encourage intellectual …

for significant inertia in wages and some intrinsic inertia in nominal wage inflation. Our results provide support for the …This paper reexamines wage and price dynamics in response to permanent shocks to productivity. We estimate a micro …-founded dynamic general equilibrium (DGE) model of the U.S. economy with sticky wages and sticky prices using impulse responses to …

Using Current Population Survey data, we find that the gap between wages by black and white males declined during the … explaining this trend. Recent wage convergence was most rapid among younger workers with less than 10 years experience; for this … group the black-white wage gap declined by 1.40 percentage points per year. Among younger workers greater occupational …