Showing 1 - 10 of 26
A simple open economy asset pricing model can account for the house price and current account dynamics in the G7 over the years 2001-2008. The model features rational households, but assumes that households entertain subjective beliefs about price behavior and update these using Bayes' rule. The...
Persistent link: https://www.econbiz.de/10009220235
This review article tries to answer four questions: (i) what are the stylized facts about uncertainty over time; (ii) why does uncertainty vary; (iii) do fluctuations in uncertainty matter; and (iv) did higher uncertainty worsen the Great Recession of 2007-2009? On the first question both macro...
Persistent link: https://www.econbiz.de/10010721674
inequality and raises unemployment, but expected welfare gains are ensured if workers are risk neutral. And while wage inequality …
Persistent link: https://www.econbiz.de/10005037460
average. Chronically low investment especially in infrastructure and innovation, poor management and weak intermediate skills …
Persistent link: https://www.econbiz.de/10011203044
John Van Reenen sketches the evolution of CEP research on the drivers of productivity growth - and its impact on policies to foster competition.
Persistent link: https://www.econbiz.de/10009147094
We have conducted the first survey on management practices in transition countries. We found that Central Asian … transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are … Poland and Lithuania operate with management practices that are only moderately worse than those of western European …
Persistent link: https://www.econbiz.de/10009220236
Economists have long puzzled over the astounding differences in productivity between firms and countries. For example, looking at disaggregated data on U.S. manufacturing industries, Syverson (2004a) found that plants at the 90th percentile produced four times as much as the plant in the 10th...
Persistent link: https://www.econbiz.de/10010700446
We provide new evidence on the growth in pay at the very top of the wage distribution in the UK. Sectoral decompositions show that workers in the financial sector have accounted for the majority of the gains at the top over the last decade. New results are also presented on the pay of CEOs in...
Persistent link: https://www.econbiz.de/10010700455
Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across … recent work on management practices. Our preliminary results suggest that about a quarter of cross-country and within …-country TFP gaps can be accounted for by management practices. Management seems to matter both qualitatively and quantitatively …
Persistent link: https://www.econbiz.de/10010762442
Better school management is associated with better pupil achievement, according to CEP analysis of the quality of … management practices in schools in a range of developed and developing countries. Renata Lemos notes that the quality of school … management is related to leadership traits of the head teachers - and that management practices have a greater effect on pupil …
Persistent link: https://www.econbiz.de/10010765685