This paper presents a new model of endogenous wage and capital dispersion where heterogeneity is driven by entrepreneurial incentives to pay higher wages in order to attract and retain workers. The main contribution of this model is to provide a framework with microeconomic foundations that give...

This report presents the results of a proof of concept for a new analytical infrastructure (“Fundstat”) for analysing government funding of R&D at the project level, exploiting the wealth of text-based information about funded projects. Reflecting the growth in popularity of artificial...

This paper develops and tests a new model of asymmetric information in the labour market involving employer learning. In the model, I provide theoretical conditions for the identification - based on the experience and tenure profiles of estimated returns to ability and education - of employer...