We present a new multi-sector growth model that features nonhomothetic, constant-elasticity-of-substitution preferences, and accommodates long-run demand and supply drivers of structural change for an arbitrary number of sectors. The model is consistent with the decline in agriculture, the...

This paper constructs a theory of industry growth through innovation and selection- driven creative destruction. Firms' ideas determine their productivity and stochasti- cally evolve over time. Firms innovate to improve their ideas and endogenously exit if unsuccessful. Entrants adopt the ideas...

Based on responses in the General Social Survey, we construct an index that captures non-monetary qualities of occupations, such as respect, learning, and work hazards, relevant to the well-being of workers. Using the Panel Study of Income Dynamics and National Longitudinal Survey of Youth data,...