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Indivisible-labor, lotteries and idiosyncratic productivity shocks
Indivisible-labor Lotteries Idiosyncratic shocks Neoclassical growth model Heterogeneous agents Quasi-linear preferences
2015/7/21
Indivisible-labor, lotteries and idiosyncratic productivity shocks.
Wage Adjustment and Productivity Shocks
matched employer-employee data sorting wage labor productivity TFP
2012/10/30
We study how workers' wages respond to TFP-driven innovations in firms' labor productivity. Using unique data with highly reliable firm-level output prices and quantities in the manufacturing sector i...