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A Simple Theory of Managerial Talent, Pay Contracts and Wage Distribution

Wu, Yanhui - Centre for Economic Performance, LSE - 2011

This paper develops a simple theory of pay structures and pay levels across heterogeneous agents by bringing together optimal contracts inside the firm and competitive resource allocation in the market. The central idea is that more talented people tend to create greater value but face larger...

Persistent link: https://www.econbiz.de/10009220237

Globalisation, ICT and the Nitty Gritty of Plant Level Datasets

Martin, Ralf - Centre for Economic Performance, LSE - 2004

The net entry contribution to aggregate productivity growth has increased dramatically in the UK over 1990saccording to calculations based on data from the Annual Respondents Database (ARD). Some recent studieshave tried to link this to other structural changes over the same period such as...

Persistent link: https://www.econbiz.de/10005150982

Instrumental Variables for Binary Treatments with Heterogeneous Treatment Effects: A Simple Exposition

Manning, Alan - Centre for Economic Performance, LSE - 2004

This note provides a simple exposition of what IV can and cannot estimate in a model with abinary treatment variable and heterogeneous treatment effects. It shows how linear IV is amisspecification of functional form and the reason why linear IV estimates for this model willalways depend on the...

Persistent link: https://www.econbiz.de/10005150979

The New Empirical Economics of Management

Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; Scur, … - Centre for Economic Performance, LSE - 2014

Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across multiple sectors and countries. We developed the survey to try to explain the large and persistent TFP differences across firms and countries. This review paper discusses what has...

Persistent link: https://www.econbiz.de/10010762442

Does Management Matter In Schools?

Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; … - Centre for Economic Performance, LSE - 2014

We collect data on operations, targets and human resources management practices in over 1,800 schools educating 15-year-olds in eight countries. Overall, we show that higher management quality is strongly associated with better educational outcomes. The UK, Sweden, Canada and the US obtain the...

Persistent link: https://www.econbiz.de/10010945129

Incentives and Invention in Universities

Lach, Saul; Schankerman, Mark - Centre for Economic Performance, LSE - 2006

Using data on U.S. universities, we show that universities that give higher royalty shares to faculty scientists generate greater license income, controlling for university size, academic quality, research funding and other factors. We use pre-sample data on university patenting to control for...

Persistent link: https://www.econbiz.de/10005016813

Modern Management: Good for the Environment or Just Hot Air?

Bloom, Nick; Genakos, Christos; Martin, Ralf; Sadun, … - Centre for Economic Performance, LSE - 2008

We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then … productive. One interpretation of these results is that well managed firms are adopting modern lean manufacturing practices … practices of manufacturing firms may help to reduce greenhouse gas emissions. …

Persistent link: https://www.econbiz.de/10005796122

Human Resource Management and Productivity

Bloom, Nicholas; Reenen, John Van - Centre for Economic Performance, LSE - 2010

In this chapter we examine the relationship between Human Resource Management (HRM) and productivity. HRM includes incentive pay (individual and group) as well as many nonpay aspects of the employment relationship such as matching (hiring and firing) and work organization (e.g. teams, autonomy)....

Persistent link: https://www.econbiz.de/10008542738

New Approaches to Measuring Management and Firm Organization

Bloom, Nick; Reenen, John Van - Centre for Economic Performance, LSE - 2010

We detail the methodology that we have been using to quantify managerial and organizational practices across firms and countries in recent years. This has been used in many pieces of research at the Centre for Economic Performance. We discuss the pros and cons of such survey tools, describing...

Persistent link: https://www.econbiz.de/10008542741

Does Product Market Competition Lead Firms to Decentralize?

Bloom, Nick; Sadun, Raffaella; Reenen, John Van - Centre for Economic Performance, LSE - 2010

There is a widespread sense that over the last two decades firms have been decentralizing decisions to employees further down the managerial hierarchy. Economists have developed a range of theories to account for delegation, but there is less empirical evidence, especially across countries. This...

Persistent link: https://www.econbiz.de/10008542745