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Here's how it would work for the 23 player labor units in the United States.
The model's predictions are consistent with recent decreasing labor shares and wages per effective labor units observed in most OECD countries.
a The educational distribution, (text {E}_c e)), b the endowment of efficient labor units, (text {WP}) and c labor force participation rates, (text {LF}).
for labor units that pay a cost k before realization of a random zero-mean shock υ1, and w 2 = α 2 - β ( 1 - l ) + υ 2 (2).
The key information that comes from the LEAP is the firm's employment derived from its payroll using average labor units (ALU).
Intuitively, all labor units benefit equally from a reduction in labor income risk, but individuals entitled to different amounts of the economy's non-labor income are differently affected by redistribution's collateral damage in terms of production efficiency.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com