Employment‑Productivity Trade‑off and Labour Composition
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper formalises the analysis of the employment-productivity trade-off by extending the
framework developed by Gordon (1997) to account for labour heterogeneity. The extent of the trade-off is
determined by the extent of the adjustment of capital to effective labour and by the changes in aggregate
labour quality. The main experiment reported...
