indebtedness. As a result, profits increase and so does the price level, thus generating a decline of the real wage. Moreover, the …The aim of this paper is to study the effect of emulation within a basic schema of the monetary theory of production … other workers taken as reference. It is shown that emulation can play a crucial role in increasing workers’ propensity to …

rentiers’ consumption. Our results show that (i) the interaction between income distribution and emulation can produce … instability, (ii) instability is more likely when the workers’ emulation motive is strong and bankers’ lending decisions are … highly accommodating, and (iii) a plausible assumption on the nonlinearity of emulation behavior can generate a limit cycle …

We propose a simple test that uses information on workers' mobility, wages and firms' profits to identify the sign and … agents' payoffs are increasing in their own types, our test exploits within-firm variation on wages to rank workers by their … types and firm profits to rank firms. We use a panel data set that combines social security earnings records for workers in …

competitiveness (i.e. productivity, wages and profits) while controlling for key econometric issues such as time-invariant unobserved … competitiveness vary across sectors: while temporary employment is found to enhance productivity and profits in (labour …

wages, households earn large, negative average returns from holding cows and buffaloes, at negative 64% and negative 39 …

We propose a simple test that uses information on workers' mobility, wages and firms' profits to identify the sign and … agents' payoffs are increasing in their own types, our test exploits within-firm variation on wages to rank workers by their … types and firm profits to rank firms. We use a panel data set that combines social security earnings records for workers in …

We propose a simple test that uses information on workers’ mobility, wages and firms’ profits to identify the sign and … agents’ payoffs are increasing in their own types, our test exploits within-firm variation on wages to rank workers by their … types and firm profits to rank firms. We use a panel data set that combines social security earnings records for workers in …

that previous studies based on industry data substantially underestimate the impacts of profits on wages. …In this paper I use data on workers matched whit firms balance-sheet reports to examine the relation between wages and … firms´ ability to pay. Results indicate that experienced and highly educated workers are sorted into profitable firms. Wages …