Egalitarianism and Growth
研究了竞争性工资溢价是否阻碍增长，通过两部门内生增长模型证明平等主义工资压缩结合积极劳动力市场政策可起到类似产业政策的作用。
Are competitive wage premia an obstacle to growth? The answer of the architects of the Scandinavian model in the 1950s and 1960s was in the affirmative. By punishing expansive and growth enhancing sectors of the economy, competitive wage premia imposed an unwarranted drag on the rate of structural change. We formalize this intuition using a two sector endogenous growth model, considering both open and closed economy cases. We also show that egalitarian pay compression, combined with active labor market policies, works in the same way as an industrial policy of subsidizing sunrise industries.