report about an experiment with 508 participants designed to test whether this fundamental trade-off is actually relevant. In …

cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …

The commonly accepted chronology for comparative productivity levels based on GDP data does not apply to the … manufacturing sector, where there is evidence of a much greater degree of stationarity of comparative labour productivity … compositional effects of structural change. The persistent large labour productivity gap between the US and Europe cannot be …

This paper studies the dynamic behaviour of changes in productivity, wages, and prices. Results are based on a new data … respond to the post-1972 productivity growth slowdown. The paper's analysis of productivity change confirms the real …-wage elasticity of labour input emphasized previously, but shows that the response of productivity to changes in the real wage, and to …

productivity relative to the aggregate economy leads to a rise in relative wages of 0.1-0.2%. As a corollary to this, outside …

This paper uses information from a panel of Dutch firms to investigate the labour productivity effects of performance … related pay (PRP). We find that PRP increases labour productivity at the firm level with about 9%. …

comparative productivity performance in food products and beverages and in chemicals in East Germany is well above this average …, but the productivity level in machinery and equipment is below 20% of the West German level. The study deals with the … comparative output and productivity performance in the past five decades. It appears that even after adjustments of the East …

predictions of this model against data from the British Household Panel Survey, using earnings as a proxy for productivity. We … theoretical calculations show that the estimated earnings differentials represent average productivity differentials net of … monitoring costs, but not of the disutility of additional effort expended by workers. But the productivity differential is not a …

This Paper studies the inter-temporal problem of a monopolistic firm that engages in productivity-enhancing innovations … to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches … time. Otherwise, it will gradually reduce its innovation effort over time and ultimately terminate production. Productivity …