Technical Change, Inequality, and the Labor Market
This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns to schooling indicates that technical change has been skil...
Publications
View AllWhy Do Firms Train? Theory and Evidence
This paper offers a theory of training whereby workers do not pay for the general training they receive. The superior information of the current employer regarding its employees...
Why Do Companies Go Public? An Empirical Analysis
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Quality Ladders in the Theory of Growth
We develop a model of repeated product improvements in a continuum of sectors. Each product follows a stochastic progression up a quality ladder. Progress is not uniform across ...
Small Sample Properties of Forecasts from Autoregressive Models under Structural Breaks
Autoregressive models are used routinely in forecasting and often lead to better performance than more complicated models. However, empirical evidence is also suggesting that th...
Affiliated Researchers
Institution Info
- Type
- nonprofit
- Country
- GB
- Publications
- 5
- Citations
- 3,053
External Links
Identifiers
- ROR
- https://ror.org/04jzmdh37