knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …

may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …

A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in … union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate …

innovation investments that increase the productivity of capital and labor in the performance of their respective tasks. These …