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, we examine how the productivity of these firms is influenced by their internal wage dispersion. To do so, we use a large … dispersion has a positive and significant effect on firm productivity. This result is robust to controls for individual and firm …
Persistent link: https://www.econbiz.de/10012465678
firms earn higher pay at all earnings levels. Second, this pay-productivity relationship strengthens with seniority …, doubling from an elasticity of 0.07 for pay on productivity for the median-paid employee to 0.15 for the top-paid employee … rising productivity can explain 40% of the rise in within-firm inequality since 1980 …
Persistent link: https://www.econbiz.de/10014512094
-pay incidence and job relatedness are about 42% and 26%, respectively, both higher than that of job-specific productivity. While …
Persistent link: https://www.econbiz.de/10012481585
We document that an increasing fraction of jobs in the U.S. labor market explicitly pay workers for their performance using bonuses, commissions, or piece-rates. We find that compensation in performance-pay jobs is more closely tied to both observed (by the econometrician) and unobserved...
Persistent link: https://www.econbiz.de/10012465526
productivity. To estimate models of adoption of these work practices and models of the effects of the work practices on … productivity, we constructed a data set on the operations of 34 production lines in U.S. steel minimills. Through site visits and … interviews, we collected longitudinal data including precise measures on productivity, work practices, and technology of each of …
Persistent link: https://www.econbiz.de/10012470418
productivity of women is less than that of men, but not by enough to fully explain the gap in wages, a result that is consistent … that both the wage and productivity profiles are rising but concave to the origin (consistent with profiles quadratic in … age), but the estimated relative wage profile is steeper than the relative productivity profile, consistent with models of …
Persistent link: https://www.econbiz.de/10012468369
also affects the real wage of other workers. Counteracting these forces, automation creates a positive productivity effect …, pushing up the price of all factors. Because capital adjusts to keep the interest rate constant, the productivity effect …
Persistent link: https://www.econbiz.de/10012453594
are affected by differences in employer productivity. Studies that focus on firm-specific productivity shocks and control … somewhere between a 0.5% and 1.5% increase in wages. Given the wide variation in firm-specific productivity, elasticities of …
Persistent link: https://www.econbiz.de/10012455830
supply more products than smaller firms, implies that standard productivity measures are highly dependent on implicit demand … system assumptions and probably dramatically understate the relative productivity of the largest firms. Although most firms …
Persistent link: https://www.econbiz.de/10012458231
aggregate productivity. TFP gaps are characterized as the integral of a strictly concave function with respect to an employment … productivity is shown to be ambiguous; conditions are given to determine its sign. An empirical lower bound on distortions based on …
Persistent link: https://www.econbiz.de/10012458262