productivity-wage gap. We connect these trends by building a model where firms post long-lived vacancies and engage in on … and the wedge between hiring and meeting rates. All three channels lower wages while raising productivity. Quantitatively …, increased replacement hiring explains half the increase in the productivity-wage gap. The socially efficient outcome features …

the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …, aggregate productivity growth has decreased in most advanced economies since the 1970s. However, it is likely that without the … spread of digital technologies the productivity slowdown would have been even more pronounced, and the recent acceleration in …