Showing 1 - 10 of 484
lower wages in the beginning of their career. Later they earn a return on these implicit investments through higher wages …
Persistent link: https://www.econbiz.de/10012470909
account for individual differences in young adults' capacities to acquire such skills and be productive in the work force …
Persistent link: https://www.econbiz.de/10012471494
This paper presents a market equilibrium model of CEO assignment, pay and incentives under risk aversion and heterogeneous moral hazard. Each of the three outcomes can be summarized by a single closed-form equation. In assignment models without moral hazard, allocation depends only on firm size...
Persistent link: https://www.econbiz.de/10012462666
We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of fluctuations in separations and unemployment. We find...
Persistent link: https://www.econbiz.de/10012463483
We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start …
Persistent link: https://www.econbiz.de/10012456633
increase in average wages in exporting firms relative to domestic firms, consistent with earlier studies. However, using …-specific productivity, we find that the premium paid to workers at exporting firms is economically and statistically insignificant, as is … the differential impact of trade openness on the wages of workers at exporting firms relative to otherwise identical …
Persistent link: https://www.econbiz.de/10012461401
effect of spillovers on research productivity of firms exceeds the structural effect because it includes an active learning …&D spillovers are partly determined by firms, rather than by the given economic environment. According to this approach the full …' response of firms to new information. Furthermore, effective spillovers grow faster or slower than potential spillovers …
Persistent link: https://www.econbiz.de/10012471292
countries matters for productivity, because a country that imports primarily from technological leaders receives more technology … trade patterns in determining technology flows that affect productivity by using industry level data for machinery goods … imports and productivity in eight OECD countries between 1970-91. First evidence that these countries benefit more from …
Persistent link: https://www.econbiz.de/10012471810
We study how cross-country macroeconomic spillovers caused by sovereign default affect equilibrium bailouts. Because of …
Persistent link: https://www.econbiz.de/10012480664
This paper analyzes the welfare implications of international spillovers related to productivity gains, changes in …-equilibrium model with monopolistic competition, drawing a distinction between productivity gains that enhance manufacturing efficiency … the international welfare spillovers depends on terms of trade, but also on consumers' taste for variety. Higher domestic …
Persistent link: https://www.econbiz.de/10012467520