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In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10005703487
measures of workplace performance (financial performance, labour productivity and product or service quality) and employee …
Persistent link: https://www.econbiz.de/10010959547
productivity. The empirical evidence on the validity of this assumption is surprisingly thin and subject to various potential … productivity-wage gaps. They find that occupations play distinct roles for remuneration and productivity: while the estimations … indicate a significant upward-sloping occupational wage-profile, the hypothesis of a flat productivity-profile cannot be …
Persistent link: https://www.econbiz.de/10009293741
lower marginal product of labour, higher marginal product of capital and lower overall productivity pointing towards …
Persistent link: https://www.econbiz.de/10009325440
foreign direct investment on the labour productivity of domestic firms. A key policy change during this time period was the … foreign firm ownership and BEE on labour productivity. Regardless of the empirical specification we find no spill over effects … and no evidence that a greater degree of BEE compliance by foreign firms influences labour productivity. …
Persistent link: https://www.econbiz.de/10009353425
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10008632739
the other hand, previous empirical studies show that exporting does not necessarily improve productivity. One possible … status and the growth of its labour productivity, using the firms’ export status as a binary treatment variable and comparing …’s export-sales ratio and its labour productivity growth rate. We find that there is a causal effect of firms’ export activities …
Persistent link: https://www.econbiz.de/10005822920
measure of establishment labour productivity. In addition, the implications of training for the firm’s bottom line are … labour productivity outcome and, in the case of the earlier survey, for the financial performance indicator as well. However …
Persistent link: https://www.econbiz.de/10005822940
We study the impact of labour turnover on labour productivity using a panel dataset of 347 shops belonging to a large … observe an inverted U-shape effect of labour turnover on productivity. The productivity-maximizing rates of FTE-adjusted quits … and hires are each about 20% per year, improving productivity by 2.5% compared to the zero turnover level. We explain the …
Persistent link: https://www.econbiz.de/10005763699
this relationship operates through productivity, and isolate this mechanism from other channels such as bargaining ability … on labor market outcomes operates through productivity. In addition, we find evidence that gender and university major …
Persistent link: https://www.econbiz.de/10010801185