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(and trade-off between) investment and wages in Slovenian firms. We find that investment behaviour is more consistent with … display a trade-off between investment and wages, and workers share in firms’ surplus and appropriate funds that are supposed … to be used for depreciation investment. Most findings are consistent with the principal theoretical models of …
Persistent link: https://www.econbiz.de/10005497775
This Paper presents new estimates of the impact of job tenure on wages using a new French matched worker-firm dataset … valid instrumental variable for identifying the impact of job tenure on wages. Our new IV estimate of the return to job … relatively high wage offers tend to change firms more rapidly: they tend to have relatively high wages and low job tenure …
Persistent link: https://www.econbiz.de/10005666983
analysis indicates how the changes can segment the labour market into an expanding sector of restructured firms where wages are … rising, a contracting sector of traditional firms where wages are relatively stagnant, and an expanding pool of the …; the widening dispersion of wages within occupational, educational, and job tenure groups in the United Kingdom and the …
Persistent link: https://www.econbiz.de/10005789077
knowledge sector is bounded, as productivity increases, the economy moves from a ‘Solovian zone’ where wages increase with … their bliss point can only be made better off by an increase in diversity. If wages are set by monopoly unions rather than … always reduces employment in the material goods sector. International trade may reduce wages in poor countries and increase …
Persistent link: https://www.econbiz.de/10005124380
, falling labor share and accumulation of a large foreign surplus. The theory makes only minimal deviations from a neoclassical … assets, generating a foreign surplus. We test some auxiliary implications of the theory and find robust empirical support. …
Persistent link: https://www.econbiz.de/10005123794
find no evidence that fixed investment is the only or main source of ignition for economic growth. …
Persistent link: https://www.econbiz.de/10005123986
and investment. When the share of output that accrues to the owners of natural resources rises, the demand for capital … allocation of capital may, however, enhance the quantity as well as the quality of new investment and sustain growth. Empirical … thereby inhibiting economic growth. The results also suggest that abundant natural resources may hurt saving and investment …
Persistent link: https://www.econbiz.de/10005504629
A quantitative investigation of financial intermediation in the U.S. over the past 130 years yields the following results : (i) the finance industry’s share of GDP is high in the 1920s, low in the 1950s and 1960s, and high again in the 1990s and 2000s; (ii) most of these variations can be...
Persistent link: https://www.econbiz.de/10011083657
central to this period but not to be a pure neoclassical phenomenon. It is argued that theory has run ahead of measurement and …-ante returns on investment. …
Persistent link: https://www.econbiz.de/10005661688
agricultural investment have had a persistent effect on the distribution of long-term orientation across societies. In particular … return to agricultural investment, triggered selection and learning processes that had a persistent positive effect on the … incentives to delay consumption in favor of lucrative investment opportunities have had a persistent effect on the distribution …
Persistent link: https://www.econbiz.de/10011083828