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Preference for the Workplace, Human Capital, and Gender
Wiswall, Matthew - 2016
with sets of job offers that vary in their attributes (such as earnings and job hours flexibility) and asked to state their … probabilistic choices. We show that this method robustly identifies preferences for various job attributes, free from omitted … (lower hours, and part-time option availability) and job stability (lower risk of job loss), and men have a higher …
Persistent link: https://www.econbiz.de/10012456502
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Agglomeration Economies and Race Specific Spillovers
Ananat, Elizabeth Oltmans; Fu, Shihe; Ross, Stephen L. - National Bureau of Economic Research - 2021
Racial social isolation within and across workplaces may reduce firm productivity. We provide descriptive evidence that African-Americans feel socially isolated from Whites. To test whether isolation affects productivity, we estimate models of Total Factor Productivity for manufacturing firms...
Persistent link: https://www.econbiz.de/10012533396
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Augmenting the Human Capital Earnings Equation with Measures of Where People Work
Barth, Erling - 2016
We augment standard ln earnings equations with variables reflecting unmeasured attributes of workers and measured and unmeasured attributes of their employer. Using panel employee-establishment data for US manufacturing we find that the observable employer characteristics that most impact...
Persistent link: https://www.econbiz.de/10012456167
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Workplace Heterogeneity and the Rise of West German Wage Inequality
Card, David - 2012
We study the role of establishment-specific wage premiums in generating recent increases in West German wage inequality. Models with additive fixed effects for workers and establishments are fit in four distinct time intervals spanning the period 1985-2009. Unlike standard wage models,...
Persistent link: https://www.econbiz.de/10012460138
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Capital and Labor Reallocation Inside Firms
Giroud, Xavier - 2012
We document how a plant-specific shock to investment opportunities at one plant of a firm ("treated plant") spills over to other plants of the same firm--but only if the firm is financially constrained. While the shock triggers an increase in investment and employment at the treated plant, this...
Persistent link: https://www.econbiz.de/10012460069
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Emerging labor market institutions for the twenty-first century
Freeman, Richard B. (ed.); Hersch, Joni (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10013480800
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Investor Protection and Corporate Valuation
Porta, Rafael La - 1999
We present a model of the effects of legal protection of minority shareholders and of cash flow ownership by a controlling shareholder on the valuation of firms. We then test this model using a sample of 371 large firms from 27 wealthy economies. Consistent with the model, we find evidence of...
Persistent link: https://www.econbiz.de/10012471382
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Innovation and Market Value
Hall, Bronwyn H. - 1999
Recent research on financial market valuation of the knowledge assets of publicly traded firms is surveyed. The motivation for using a market value equation to price knowledge assets is discussed and the theory behind this equation is briefly presented. Then the empirical literature that relates...
Persistent link: https://www.econbiz.de/10012471824
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Is Stock Index Membership for Sale?
Li, Kun; Liu, Xin; Wei, Shang-jin - National Bureau of Economic Research - 2021
While major stock market indices are followed by large monetary investments, we document that membership decisions for the S&P 500 index have a nontrivial amount of discretion. We show that firms' purchases of S&P ratings appear to improve their chance of entering the index (but purchases of...
Persistent link: https://www.econbiz.de/10012660043
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Collective Bargaining and the Division of the Value of the Enterprise
Abowd, John M. - 1987
The enterprise (firm) is modeled as a collection of formal and informal contracts providing various factors of … production with claims on the income stream in consideration of assets or services supplied to the enterprise. The strongly …
Persistent link: https://www.econbiz.de/10012476932