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We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10008854520
This Paper claims that technical progress induces early retirement of older workers. It supports this claim both theoretically and empirically. We present a model where part of human capital is technology-specific, so that technical progress erodes some existing human capital. This affects...
Persistent link: https://www.econbiz.de/10005791260
markets explain both productivity differences and firm density. Estimating structural model parameters is simple and relies on … model, we find that labor markets which provide cost advantages explain substantial differences in firm productivity …
Persistent link: https://www.econbiz.de/10010746456
The paper analyses the contemporary organizational restructuring of production and work and derives some salient implications for the labour market. The analysis focuses on the switch from occupational specialization at 'Tayloristic' organizations to multi-tasking at 'holistic' organizations....
Persistent link: https://www.econbiz.de/10005504765
The paper examines the determinants of the division of labour within firms. It provides an explanation of the pervasive change in work organization away from the traditional functional departments and towards multi-tasking and job rotation. Whereas the existing literature on the division of...
Persistent link: https://www.econbiz.de/10005788938
This paper explores the implications of the ongoing reorganization of firms for inequality in the labour market. We show how recent technological advances in physical and human capital can lead to the breakdown of occupational barriers, creating demands for new combinations of skills, and...
Persistent link: https://www.econbiz.de/10005789077
Studies of firm-level data have shown that there is a huge dispersion of productivity across firms even when industries … productive. The formers’ convergence could therefore constitute an important part of productivity growth at the macroeconomic … which can explain it. Productivity convergence was stronger for labour productivity than for total factor productivity. But …
Persistent link: https://www.econbiz.de/10010744856
panel of industries in 17 countries from 1993-2007. We find that industrial robots increased both labor productivity and ….37 percentage points. We also find that robots increased both wages and total factor productivity. While robots had no significant …Despite ubiquitous discussions of robots’ potential impact, there is almost no systematic empirical evidence on their …
Persistent link: https://www.econbiz.de/10011196027
panel of industries in 17 countries from 1993-2007. We find that industrial robots increased both labor productivity and ….37 percentage points. We also find that robots increased both wages and total factor productivity. While robots had no significant …Despite ubiquitous discussions of robots’ potential impact, there is almost no systematic empirical evidence on their …
Persistent link: https://www.econbiz.de/10011198536
We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities, and this creates managerial overload, and...
Persistent link: https://www.econbiz.de/10005123937