Purpose – This study asks whether working in a R&D intensive industry affects a worker's wage profile. If R&D investment translates into transferable human capital or knowledge, workers' mobility constitutes a negative externality from the point of view of the firm/industry that bears the cost...

This paper examines the implications of ex ante skill heterogeneity for long run inflation. We develop a dynamic general equilibrium model in which there are two types of labor (skilled and unskilled), two types of capital (human and physical), and money is introduced via a cash in advance...

A number of empirical studies have identified channels through which banking and financial crises transmit to the real economy. In particular, the financial accelerator model requires firms' financial condition to impact labour. This paper contributes to investigating this link by focusing on a...