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structurally estimate the key parameters of our model to construct counterfactual size, productivity and welfare distributions …
Persistent link: https://www.econbiz.de/10010618284
Occupational licensing is among the fastest-growing labor market institutions in the U.S. economy. One of the key features of occupational licensing is that the law determines who gets to do the work. In those cases where universally licensed occupations are both complements to and substitutes...
Persistent link: https://www.econbiz.de/10008727871
As the role of mortgage brokers in mortgage origination grew from insignificant in the 1980s to dominant in recent years, questions have arisen about whether its services help or harm consumers. In response, states have increasingly regulated the business, largely by creating and tightening...
Persistent link: https://www.econbiz.de/10005720397
The goal of this paper is to examine the implied penalty policies underlying the remedies created by the National Labor Relations Act (NLRA) in terms of the policies' impact on employer and union behaviors. We present a simple model of deterrence as a means of evaluating workplace penalty...
Persistent link: https://www.econbiz.de/10008764664
This paper examines whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. We define an industry's technological firm size as the firm size...
Persistent link: https://www.econbiz.de/10005084876
, scope, and productivity. Our model explains two puzzles. First, it explains the well-known size-discount puzzle: large firms … firms. In our model, globalization not only affects the distribution of observed productivities but also productivity at the …
Persistent link: https://www.econbiz.de/10005828874
We examine the sales of French manufacturing firms in 113 destinations, including France itself. Several regularities stand out: (1) the number of French firms selling to a market, relative to French market share, increases systematically with market size; (2) sales distributions are very similar...
Persistent link: https://www.econbiz.de/10005830348
This paper explores the relationship between the relative size of the Small and Medium Enterprise (SME) sector, economic growth, and poverty alleviation using a new database on the share of SME labor in the total manufacturing labor force. Using a sample of 45 countries, we find a strong,...
Persistent link: https://www.econbiz.de/10005830798
The study examines US-European productivity and worker attitude differences, focusing on changes in incentive … structures. We analyze productivity and worker attitudes in five plants in the UK and US belonging to the same multinational … had an impact on productivity and profitability. We find that the UK plant's productivity and worker satisfaction was well …
Persistent link: https://www.econbiz.de/10005774713
Productivity dispersion across firms is large and persistent, and worker reallocation among firms is an important … source of productivity growth. The purpose of the paper is to estimate the structure of an equilibrium model of growth …
Persistent link: https://www.econbiz.de/10005061559