Showing 1 - 10 of 362
This paper studies the effect of top tax rates on inventors' mobility since 1977. We put special emphasis on "superstar" inventors, those with the most and most valuable patents. We use panel data on inventors from the United States and European Patent Offices to track inventors' locations over...
Persistent link: https://www.econbiz.de/10011272707
We analyze a model where a multinational firm can use a superior technology in a foreign subsidiary only after training a local worker. Technological spillovers from foreign direct investment arise when this worker is later hired by a local firm. Pecuniary spillovers arise when the foreign...
Persistent link: https://www.econbiz.de/10005124087
This Paper studies the evolution of job stability in West Germany. Using data from the German Socio-Economic Panel, we first show that the median elapsed tenure declined for men between 1984 and 1999. Second, estimating proportional Cox hazard models with competing risks and controls for stock...
Persistent link: https://www.econbiz.de/10005136402
A model of the labour market under firing restrictions and endogenous quits is constructed. It is shown that in the spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment equilibrium coexisting with a high-quits/low-unemployment...
Persistent link: https://www.econbiz.de/10005791589
The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...
Persistent link: https://www.econbiz.de/10005791663
How do economic policies and institutions affect job reallocation processes and their consequences for productivity … little relationship to relative productivity across firms and sectors. Since liberalization began, the pace, heterogeneity …, and productivity effects of job flows have increased substantially. The increases occurred more quickly in rapidly …
Persistent link: https://www.econbiz.de/10005123720
Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an …-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage …
Persistent link: https://www.econbiz.de/10011171780
increase in the productivity and/or the supply of skilled relative to unskilled workers. These effects are stronger when hiring …
Persistent link: https://www.econbiz.de/10005666594
productivity effects of gross job flow rates before and after reforms. Job creation was low throughout the period in this sector … also increased significantly. Intra- and inter-sectoral job reallocation had no effect on aggregate labour productivity … the firms with the lowest productivity. …
Persistent link: https://www.econbiz.de/10005666804
long-run unemployment rate is independent of the level of productivity and the magnitude of the labour force. The model …
Persistent link: https://www.econbiz.de/10005789127