Essays on Productivity and Macroeconomics

Essays on Productivity and Macroeconomics

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This dissertation contains two essays which attempt to understand the causes and consequences of productivity differences across time and space. The first essay argues that productivity differences across countries in the retailing sector stem from differences in country income levels, as opposed to differences in institutional and regulatory environments, as is commonly hypothesized. The second essay argues that productivity fluctuations over time lead to wage fluctuations only when insufficient worker match-specific capital prevents risk sharing between workers and entrepreneurs.The paper has benefitted from the comments of seminar participants at Arizona State, Chicago GSB, the Federal Reserve Board, Iowa, Maryland, the Minneapolis Fed, NYU Stern, Penn, Rochester, UC Berkeley Haas School of Business, anbsp;...

Title:Essays on Productivity and Macroeconomics
Author: David Lagakos
Publisher:ProQuest - 2008

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