Narrow search
Showing 1 - 6 of 6
Cover Image
Productivity, welfare, and reallocation : theory and firm-level evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2009
We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...
Persistent link: https://www.econbiz.de/10003914097
Cover Image
Productivity, welfare and reallocation : theory and firm-level evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2010
Persistent link: https://www.econbiz.de/10003942096
Cover Image
Productivity, welfare and reallocation : theory and firm-level evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2009
We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...
Persistent link: https://www.econbiz.de/10003925275
Cover Image
Allocative and remitted wages : new facts and challenges for Keynesian models
Basu, Susanto; House, Christopher L. - 2016
Persistent link: https://www.econbiz.de/10011493987
Cover Image
Allocative and Remitted Wages : New Facts and Challenges for Keynesian Models
Basu, Susanto - 2016
difference between allocative wages and remitted wages. Using both individual-level and aggregate data, we study and extend the … available evidence on the cyclicality of wages and we pay particular attention to the response of wages to identified monetary … noticeable role in cyclical compensation patterns; (ii) empirically, both the wages for newly hired workers and the "user cost of …
Persistent link: https://www.econbiz.de/10012991672
Cover Image
Allocative and Remitted Wages : New Facts and Challenges for Keynesian Models
Basu, Susanto - 2016
difference between allocative wages and remitted wages. Using both individual-level and aggregate data, we study and extend the … available evidence on the cyclicality of wages and we pay particular attention to the response of wages to identified monetary … noticeable role in cyclical compensation patterns; (ii) empirically, both the wages for newly hired workers and the "user cost of …
Persistent link: https://www.econbiz.de/10012456396