In this paper, I show that Hicks neutral technical change is identified as the information of order sigma obtained if the distribution of factor prices is replaced by the distribution of factor efficiency parameters. Together with Solow's residual, the information method enables us to...

In this paper, I show that Hicks neutral technical change is identified as the information of order sigma obtained if the distribution of factor prices is replaced by the distribution of factor efficiency parameters. Together with Solow's residual, the information method enables us to...

Which and how many attributes are relevant for the sorting of agents in a matching market? This paper addresses these questions by constructing indices of mutual attractiveness that aggregate information about agents’ attributes. The first k indices for agents on each side of the market...

In this article, we explore the impact of imperfectly competitive input markets on production function estimation. First-order profit-maximizing conditions are altered when frictions in input markets cause the elasticity of input supply to the firm to be finite. A consequence of this is that the...

In this paper, we estimate the demand for workers by sector and occupation using system dynamic OLS techniques to account for the employment dynamics dependence across occupations and sectors of industry. The short run dynamics are decomposed into intra and intersectoral dynamics. We find that...

An allocation model of workers differentiated by their field of study is developed to test whether international differences in the wage structure can be explained by differences in labour demand and supply in each country. The model explicitly takes into account the effects of supply and demand...