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behavior of the primal and dual productivity residuals by allowing for increasing returns and imperfect competition. We find …
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accompanying revival of productivity growth, directly contributed both to faster output growth and to holding down the inflation … the United States, they did not prevent the US from experiencing a dismal period of slow productivity growth between 1972 … and 1995 nor from falling behind in numerous industries outside the IT sector. The 1995-2000 productivity growth revival …
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increase in the productivity and/or the supply of skilled relative to unskilled workers. These effects are stronger when hiring …
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It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
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countries have essentially scale effects which eventually trickle down on employment and productivity at home. …
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