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Union membership displayed an inverted U-shaped pattern over the 20th century, while the distribution of income sketched a U. A model of unions is developed to analyze these phenomena. There is a distribution of firms in the economy. Firms hire capital, plus skilled and unskilled labor....
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We develop a new rationale for IPO waves based on product market considerations. Two firms, with differing productivity levels, compete in an industry with a significant probability of a positive productivity shock. Going public, though costly, not only allows a firm to raise external capital...
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This paper examines the evolution of productivity in U.S. manufacturing plants from 1963 to 1992. We define a “vintage effect” as the change in productivity of recent cohorts of new plants relative to earlier cohorts of new plants, and a “survival effect” as the change in productivity of...
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This paper investigates whether a popular IO technology assumption, the commodity technology model, is appropriate for … plants from the Census Longitudinal Research Database. Extant empirical research has suggested the rejection of this model … explored here suggest that much of the rejection of the commodity technology model from aggregative data was spurious …
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The information systems (IS) "productivity paradox" is based on those studies that found little or no positive relationship between firm productivity and spending on IS. However, some earlier studies and one more recent study have found a positive relationship. Given the large amounts spent by...
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capital. Studies of high technology industries and recent labor studies agree in assigning a large role to science and … technology in the growth of human and physical capital, although direct tests of these relationships have not been carried out … tends to be in favor of the human and physical capital used intensively by high technology industries. This is the source of …
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Part of the uniqueness of the immigrant Asian business community in the U.S. lies in the fact that many among the highly educated pursue self-employment in small-scale, low-yielding retail and personal service fields. This study analyzes owner departure for a nationwide sample of small...
Persistent link: https://www.econbiz.de/10005014674