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Minimum Wages and On-the-Job Training
Acemoglu, Daron; Pischke, Jörn-Steffen - Centre for Economic Performance, LSE - 2002
Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...
Persistent link: https://www.econbiz.de/10005016812
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What Happens When Employers are Free to Discriminate? Evidence from the English Barclays Premier Fantasy Football League
Bryson, Alex; Chevalier, Arnaud - Centre for Economic Performance, LSE - 2014
Research on employers' hiring discrimination is limited by the unlawfulness of such activity. Consequently, researchers have focused on the intention to hire. Instead, we rely on a virtual labour market, the Fantasy Football Premier League, where employers can freely exercise their taste for...
Persistent link: https://www.econbiz.de/10010795538
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Innovation in Business Groups
Belenzon, Sharon; Berkovitz, Tomer - Centre for Economic Performance, LSE - 2007
Using novel data on European firms, this paper examines the effect of business group affiliation on innovation. We find … that business groups foster the scale and novelty of corporate innovation. Group affiliation is particularly important in … industries that rely more on external finance and have a higher degree of information asymmetry. We also find that the innovation …
Persistent link: https://www.econbiz.de/10005151051
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Motivation and Sorting in Open Source Software Innovation
Belenzon, Sharon; Schankerman, Mark - Centre for Economic Performance, LSE - 2008
innovation. Unlike previous literature based on survey data, we exploit the observed pattern of contributions - the .revealed …
Persistent link: https://www.econbiz.de/10005670637
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Innovation, Reallocation and Growth
Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - Centre for Economic Performance, LSE - 2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010655943