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Explorations of Cumulative Advantage Using Data on French Physicists

Hall, Bronwyn H.; Mairesse, Jacques - National Bureau of Economic Research - 2024

We use a large dataset of approximately 1500 physicists employed by the Centre National de la Recherche Scientifique (CNRS) in France to investigate the role of cumulative advantage in their publication career. Measuring output by time series of the number of publications and the number of...

Persistent link: https://www.econbiz.de/10014512139

Quitting Externalities with Uncertainty about Future Productivity

Booth, Alison L; Zoega, Gylfi - C.E.P.R. Discussion Papers - 1996

This paper looks at the effect of quitting on the number of workers trained under conditions of uncertainty about future productivity when workers have both firm-specific and industry-specific skills. A new effect is found which works in the opposite direction to the undertraining result of...

Persistent link: https://www.econbiz.de/10005124034

Quitting Externalities, Employment Cyclicality and Firing Costs

Booth, Alison L; Zoega, Gylfi - C.E.P.R. Discussion Papers - 1994

This paper derives a model in which workers have firm-specific and industry-specific skills, and in each period there is a non-zero probability that a worker quits. This makes the private discount factor, used by firms in making decisions about hiring and training new workers and firing existing...

Persistent link: https://www.econbiz.de/10005124399

Training, Rent-Sharing and Unions

Booth, Alison L; Francesconi, Marco; Zoega, Gylfi - C.E.P.R. Discussion Papers - 1999

We investigate two dimensions of investment in general human capital on-the-job: the number of workers trained and the intensity of training for each worker. In the benchmark case, we consider wage and training decisions made by firms in an imperfectly competitive labour market. The benchmark...

Persistent link: https://www.econbiz.de/10005498000

If You're so Smart, Why Aren't You Rich? Wage Inequality with Heterogenous Workers?

Booth, Alison L; Zoega, Gylfi - C.E.P.R. Discussion Papers - 2002

This Paper provides microfoundations for wage compression by modelling wage-setting in a world of heterogeneous workers and firms. Workers are differentiated by observable innate ability. A high-ability worker confers on a firm an externality, since their ability raises the average level of...

Persistent link: https://www.econbiz.de/10005504764

Labour Market Institutions and Macroeconomic Shocks

Chen, Yu-Fu; Snower, Dennis J.; Zoega, Gylfi - C.E.P.R. Discussion Papers - 2002

Macroeconomic shocks and labour-market institutions jointly determine employment growth and economic performance. The effect of shocks depends on the nature of these institutions and the effect of institutional change depends on the macroeconomic environment. It follows that a given set of...

Persistent link: https://www.econbiz.de/10005114432

Why Do Firms Invest in General Training? 'Good' Firms and 'Bad' Firms as a Source of Monopsony Power

Booth, Alison L; Zoega, Gylfi - C.E.P.R. Discussion Papers - 2000

We develop a model demonstrating conditions under which firms will invest in the general training of their workers, and show that firms’ incentives to invest in general training are increasing in task complexity. Workers’ heterogeneous observable innate ability affects the variety of tasks...

Persistent link: https://www.econbiz.de/10005791505

Is Wage Compression a Necessary Condition for Firm-Financed General Training?

Booth, Alison L; Zoega, Gylfi - C.E.P.R. Discussion Papers - 2001

It is well known that workers in Europe appear to receive more firm-provided general training than their counterparts in the United States. Moreover, there is considerable evidence that firms, in many cases, pay for the general training, contrary to the predictions of Becker (1964). In important...

Persistent link: https://www.econbiz.de/10005661519

Innovation and Market Value

Hall, Bronwyn H. - 1999

Recent research on financial market valuation of the knowledge assets of publicly traded firms is surveyed. The … motivation for using a market value equation to price knowledge assets is discussed and the theory behind this equation is … value of the modern manufacturing corporation is strongly related to its knowledge assets, and that patent measures contain …

Persistent link: https://www.econbiz.de/10012471824

Crisis Innovation Policy from World War II to COVID-19

Gross, Daniel P.; Sampat, Bhaven N. - National Bureau of Economic Research - 2021

Innovation policy can be a crucial component of governments' responses to crises. Because speed is a paramount … objective, crisis innovation may also require different policy tools than innovation policy in non-crisis times, raising … distinct questions and tradeoffs. In this paper, we survey the U.S. policy response to two crises where innovation was crucial …

Persistent link: https://www.econbiz.de/10012585399