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 …

inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …

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 …

construct productivity accounts for two key sectors of the US economy: the Corporate Nonfinancial Sector (Sector 1) and the … price inflation rates, we provide alternative estimates for capital services and Total Factor Productivity growth for the …

We develop a quantitative framework in which income inequality arises endogenously in response to productivity shocks …

. We show that the productivity growth allows employers to compensate workers with always a lower labor equivalent, i …

less with regard to productivity, remuneration policies or some other particular factors. In this paper, we contribute to … exchange for other's labor embodied in the commodities affordable for one's earnings. We show that the productivity growth …