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We test for sorting of workers between and within industrial sectors in a directed search model with coordination frictions. We fit the model to sector-specific vacancy and output data along with publicly-available statistics that characterize the distribution of worker and employer wage...
Persistent link: https://www.econbiz.de/10012458196
We study the impact of techies--engineers and other technically trained workers--on firm-level productivity. We first … structural econometric methods, we estimate the causal effect of techies on firm-level Hicks-neutral productivity in both … manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this effect goes beyond the …
Persistent link: https://www.econbiz.de/10014322729
The purpose of this paper is to analyze systematically the production of effort and its allocation among different … of the production and allocation of effort by a free person. Section III applies this analysis to the value placed on … wage rates offered and the effort supplied by their workers. Section, analyzes the production and allocation of effort by …
Persistent link: https://www.econbiz.de/10012478946
at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …
Persistent link: https://www.econbiz.de/10012461916
This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm …-country differences in key economic outcomes, such as productivity or output per capita, to differences in policies and institutions that … determinants of productivity at the firm level and the evolution of the distribution of productivity across firms within each …
Persistent link: https://www.econbiz.de/10012463159
Melitz (2003) demonstrates that greater trade openness raises industry productivity via a selection effect and via a … production re-allocation effect. Our comment points out that the set-up assumed in the Melitz model displays a trade off between … static and dynamic efficiency gains. That is, although freer trade improves industry productivity in a level sense, it harms …
Persistent link: https://www.econbiz.de/10012467972
firm framework. The paper also shows how the aggregate industry productivity growth generated by the reallocations …, the paper provides an extension of Krugman's (1980) trade model that incorporates firm level productivity differences …. Firms with different productivity levels coexist in an industry because each firm faces initial uncertainty concerning its …
Persistent link: https://www.econbiz.de/10012469834
productivity. These effects are nonlinear across farms--impacting more those farms farther away from their efficient operational … scale. The effect of land rentals on productivity is 70 percent larger when controlling for non-market rentals--those with a …
Persistent link: https://www.econbiz.de/10012453679
Economy-wide institutional deficiencies causing factor misallocation have been emphasized as essential determinants of aggregate TFP differences. This paper argues that production flexibility at the micro-level is an economic characteristic that should be given priority in TFP aggregation...
Persistent link: https://www.econbiz.de/10012453743
We assess the quantitative impact of firing costs on aggregate total factor productivity (TFP) in a dynamic general …-equilibrium framework where the distribution of establishment-level productivity is not invariant to the policy. Firing costs not only … generate static factor misallocation, but also a worsening of the productivity distribution contributing to large aggregate TFP …
Persistent link: https://www.econbiz.de/10012455672