Abstract

Considerable heterogeneity has been documented for both firm labour productivity and average wages paid by firms within developed industrial countries. Furthermore, the two are positively correlated across firms in Danish data. These observations can be rationalized either by exogenous heterogeneity in firm productivity and a wage setting mechanism with rent sharing or by differences in capital intensity and in the quality of labour inputs. The purpose of this talk is to ascertain the extent to which these factors provide an explanation of the observations using matched employer-employee data for Denmark.

 CV

Bent Jesper Christensen specializes in econometrics, finance, labour and macroeconomics. He holds a PhD from Cornell University, New York, from 1990. Since 1997, he has been a professor at the Department of Economics and Business, Aarhus University, and since June 2013 a Jens Christian Skou Senior Fellow at AIAS. His previous appointments include New York University and Harvard University. He is director of the research unit Cycles, Adjustment, and Policy (CAP), financed by the Danish Social Science Research Council. He has been main advisor for more than 30 PhD students, many of whom have become established researchers at universities in Denmark and abroad.

 Professor Cheryl Mattingly, Dale T. Mortensen Senior Fellow, will introduce the seminar.

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The AIAS Fellows' Seminar is a session of seminars held by the AIAS fellows or by other speakers proposed by the fellows. In each seminar, one fellow will present and discuss his/her current research and research project, closing off with a question and discussion session.

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