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wages and productivity across establishments. The second is that the increased dispersion in wages and productivity across … productivity dispersion have increased substantially over the last few decades, and (4) a substantial fraction of the rising … dispersion in wages and productivity is accounted for by increasing wage and productivity differentials across high and low …
Persistent link: https://www.econbiz.de/10012471311
) productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the … productivity measures. If prices reflect idiosyncratic demand or market power shifts, high "productivity" businesses may not be … selection and productivity growth using data from industries where we observe producer-level quantities and prices separately …
Persistent link: https://www.econbiz.de/10012467123
Understanding the nature and magnitude of resource reallocation, particularly as it relates to productivity growth, is … important both because it affects how we model and interpret aggregate productivity dynamics, and also because market structure … reallocation and productivity dynamics for the U.S. and other countries comes from a single industry: manufacturing. Building upon …
Persistent link: https://www.econbiz.de/10012469591
In this paper, we exploit establishment-level data to examine the relationship between microeconomic productivity … dynamics and aggregate productivity growth. After synthesizing the evidence from recent studies, we conduct our own analysis … establishments plays a significant role in accounting for aggregate productivity growth; (ii) for the selected service industries …
Persistent link: https://www.econbiz.de/10012472010
productivity across firms within narrowly defined sectors. Our hypothesis is that periods of rapid innovation are accompanied by … high rates of entry, significant experimentation and, in turn, a high degree of productivity dispersion. Following this … experimentation phase, successful innovators and adopters grow while unsuccessful innovators contract and exit yielding productivity …
Persistent link: https://www.econbiz.de/10012453294
reallocation is closely linked to productivity. While these patterns hold on average, the extent to which the reallocation dynamics … accelerated reallocation even more productivity enhancing than reallocation in normal times. In the Great Recession, we find the … intensity of reallocation fell rather than rose and the reallocation that did occur was less productivity enhancing than in …
Persistent link: https://www.econbiz.de/10012458240
An important gap in most empirical studies of establishment-level productivity is the limited information about workers …' characteristics and their tasks. Skill-adjusted labor input measures have been shown to be important for aggregate productivity …-access establishment-level productivity dataset created by the BLS-Census Bureau Collaborative Micro-productivity Project. We take a first …
Persistent link: https://www.econbiz.de/10013462669