substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …

impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …

substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …

substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zoneʺ where wages increase with … productivity, to a "Marxianʺ zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …

knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …

(2):155–162, 1950) over wages and productivity gains, taking into account the trade-offs faced by firms in choosing factor- augmenting …, productivity gains, savings, and investment, is described by a two-dimensional dynamical system in the employment rate and output …, which also have a positive long-run impact on labor productivity growth but a negative long-run impact on employment. In …

We present a model for studying regional and sectoral variation in total factor productivity (TFP) and develop an … neoclassical view that deviations from the frontier reflect only idiosyncratic productivity shocks. We argue that positive skewness …