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Technology, Information and the Decentralization of the Firm

Acemoglu, Daron - 2006

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. However, the manager can use her...

Persistent link: https://www.econbiz.de/10012466463

The Impact of Regulation on Innovation

Aghion, Philippe; Bergeaud, Antonin; Van Reenen, John - National Bureau of Economic Research - 2021

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …

Persistent link: https://www.econbiz.de/10012482599

Do Well Managed Firms Make Better Forecasts?

Bloom, Nicholas; Kawakubo, Takafumi; Meng, Charlotte; … - National Bureau of Economic Research - 2021

We link a new UK management survey covering 8,000 firms to panel data on productivity in manufacturing and services. There is a large variation in management practices, which are highly correlated with productivity, profitability and size. Uniquely, the survey collects firms' micro forecasts of...

Persistent link: https://www.econbiz.de/10012794618

Wages, Experience and Training of Women over the Lifecycle

Blundell, Richard - 2019

We investigate the role of training in reducing the gender wage gap using the UK-BHPS which contains detailed records of training. Using policy changes over an 18 year period we identify the impact of training and work experience on wages, earnings and employment. Based on a lifecycle model and...

Persistent link: https://www.econbiz.de/10012479726

Changes in Assortative Matching and Inequality in Income : Evidence for the UK

Chiappori, Pierre-André - 2020

The extent to which like-with like marry is important for inequality as well as for the outcomes of children that result from the union. In this paper we present evidence on changes in assortative mating and its implications for household inequality in the UK. Our approach contrasts with others...

Persistent link: https://www.econbiz.de/10012481891

The Impact of Competition on Management Quality : Evidence from Public Hospitals

Bloom, Nicholas - 2010

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to construct instrumental variables for market...

Persistent link: https://www.econbiz.de/10012462620

Minimum Wages and Firm Profitability

Draca, Mirko - 2008

Although there is a large literature on the economic effects of minimum wages on labour market outcomes (especially employment), there is much less evidence on their impact on firm performance. In this paper we consider a very under-studied area - the impact of minimum wages on firm...

Persistent link: https://www.econbiz.de/10012464650

The Evolution of Inequality in Productivity and Wages : Panel Data Evidence

Faggio, Giulia - 2007

There has been a remarkable increase in wage inequality in the US, UK and many other countries over the past three decades. A significant part of this appears to be within observable groups (such as age-gender-skill cells). A generally untested implication of many theories rationalizing the...

Persistent link: https://www.econbiz.de/10012465301

Measuring and Explaining Management Practices Across Firms and Countries

Bloom, Nick - 2006

We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the US, France, Germany and the UK. These measures of managerial practice are strongly associated with firm-level productivity, profitability, Tobin's Q, sales growth and survival...

Persistent link: https://www.econbiz.de/10012466452

Active Labour Market Policies and the British New Deal for the Young Unemployed in Context

Van Reenen, John - 2003

The British New Deal for Young People began in January 1998. After 6 months of unemployment, 18-24 year olds are mandated to enter a `Gateway' period where they are given extensive job search assistance. If they are unable to obtain an unsubsidised job, then they can enter one of four New Deal...

Persistent link: https://www.econbiz.de/10012469123