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An extensive literature on the convergence of productivity between countries examines whether productivity is pulled towards the global frontier country, perhaps due to learning and knowledge spillovers. More recently, studies within countries use the wide dispersion of productivity across firms...
Persistent link: https://www.econbiz.de/10005123710
Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more productive firms hire more skilled workers: in 2000, plants at the top decile of the TFP distribution (controlling for their four-digit industry) hired workers with, on average, around...
Persistent link: https://www.econbiz.de/10005497762
. Finally labour shortages might increase nominal wage growth by putting workers in a stronger bargaining position. Both our … data sets suggest that skill shortages raised wage growth over the period by about 1% per annum (average wage growth was 7%). …
Persistent link: https://www.econbiz.de/10005114465
An enormous number of empirical papers have estimated technical efficiency, the distance of firms inside a frontier, following the model of Farrell (1957). We propose a theory that explains the distance these empirical papers seek to measure. The theory is based on the idea that workers can...
Persistent link: https://www.econbiz.de/10005661534
We use a new sample of UK female identical twins to estimate private economic returns to education. We report findings in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education reported by the other twin to control for schooling...
Persistent link: https://www.econbiz.de/10005662039
Almost all studies of skilled/unskilled employment over the 1980s use data on manuals and non-manuals to measure skill …. This paper constructs data on skilled/unskilled employment using occupational data from the UK New Earnings Survey Panel …, subcontracting etc. The major findings are: (a) the ratio of skilled to unskilled employment rose by 4.4%; (b) the averaging effect …
Persistent link: https://www.econbiz.de/10005792226