Showing 1 - 10 of 131
other aspects of firm behaviour. In this paper we consider the impact of minimum wages on firm profitability by exploiting … firm profitability was significantly reduced (and wages significantly raised) by the minimum wage introduction. This …Although there is a large literature on the economic effects of minimum wages on labour market outcomes (especially …
Persistent link: https://www.econbiz.de/10005124436
effects upon profitability. We test for weak instruments and check sub-sample robustness. Our findings seem to lend support to …
Persistent link: https://www.econbiz.de/10005498032
In this paper, we study the link between profitability, fiscal policy and exchange rate regimes. We are particularly … the different types of government spending and taxation affect profitability through two main channels, namely changes in … different components of fiscal policy have different effects on profitability depending on the exchange rate regime. Using a …
Persistent link: https://www.econbiz.de/10005114338
This Paper examines the effect of price competition on innovation, market structure and profitability in R … counts and profitability over 1952-77. The econometric results suggest that the introduction of restrictive practices …&D-intensive manufacturing industries, while it caused a significant rise in concentration in these industries. In the short run profitability …
Persistent link: https://www.econbiz.de/10005666839
This paper contains a brief survey of recent empirical work on the performance of large companies. It tries to pull together the literature in the form of six stylized facts, illustrating them with data drawn from a single sample. The paper concludes by highlighting the issues which are thrown...
Persistent link: https://www.econbiz.de/10005789166
We develop a simple approach to valuing stocks in the presence of learning about average profitability. The market …-to-book ratio (M/B) increases with uncertainty about average profitability, especially for firms that pay no dividends. M/B is … returns. Firm profitability has become more volatile recently, helping explain the puzzling increase in average idiosyncratic …
Persistent link: https://www.econbiz.de/10005791675
insurance (UI) on reemployment wages. This paper estimates a positive UI wage effect exploiting an age-based regression … balance between two offsetting forces: UI causes agents to seek higher-wage jobs, but also reduces wages by lengthening … both in our sample and across studies, reconciling disparate wage-effect estimates. Empirically, UI raises wages by …
Persistent link: https://www.econbiz.de/10011272710
This paper investigates the effects of services offshoring on wages using individual-level data combined with industry … real wages. Hence, offshoring has contributed to a widening of the wage gap between skilled and less skilled workers. This …
Persistent link: https://www.econbiz.de/10009359484
This paper focuses on the determinants of self-employment among rural to urban migrants in China. Two self-selection mechanisms are analysed: the first relates to the manner in which migrants choose self-employment or paid work based on the potential gains from either type of employment; the...
Persistent link: https://www.econbiz.de/10009205061
cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … emphasis on cross-country comparisons. Most, but not all, countries experienced substantial increases in wages and earnings …
Persistent link: https://www.econbiz.de/10008509469