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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
would yield a substantial increase in aggregate productivity through improved allocative efficiency. Yet, the actual impact … of the Colombian deregulation on aggregate productivity through factor adjustment was modest …
Persistent link: https://www.econbiz.de/10012467020
) 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
In the U.S., some sectoral evidence suggests that growth is driven mainly by productivity enhancing reallocation. In … developing countries, an open question is whether reallocation is productivity enhancing. Using a unique plant-level longitudinal … dataset for Colombia for the period 1982-1998 we examine the interaction between market allocation, productivity and …
Persistent link: https://www.econbiz.de/10012468326
even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … of productivity shocks in an emerging market producing the intermediate inputs reduces the multinationals' expected … in each country to productivity shocks, channeling the average employment from the more to the less volatile location …
Persistent link: https://www.econbiz.de/10012469306
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
empirically investigate the link between firms' choice of worker mix and the implied relationships between productivity and wages … observable characteristics. (ii) We find that new businesses exhibit even greater heterogeneity in earnings and productivity than … different for earnings and productivity, is consistent both with firms learning as they age and with the exit of mistake' prone …
Persistent link: https://www.econbiz.de/10012470737
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
This paper studies quarterly employment flows of approximately 10,000 large U.S. manufacturing establishments during 1972:1-1980:4.After estimating the extent of short run microeconomic substitution between employment and hours per worker (hours-week), we construct measures of the path of the...
Persistent link: https://www.econbiz.de/10012473851
The conventional wisdom is that the rising productivity in the U.S. manufacturing sector in the 1980s has been driven … the rise in productivity. In this paper, we examine the microeconomic evidence using the plant level data from the … as productivity contribute almost as much to overall productivity growth in the 1980s as the plants that increased …
Persistent link: https://www.econbiz.de/10012474184