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Acemoglu, Daron; Pischke, Jörn-Steffen - Centre for Economic Performance, LSE - 2002

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...

Persistent link: https://www.econbiz.de/10005016812

When Workers Share in Profits: Effort and Responses to Shirking

Freeman, Richard - Centre for Economic Performance, LSE - 2008

This paper summarizes new evidence from the "Shared Capitalism" Project on the extent to which workers' earnings depend on the performance of their firm or work group in the US and advanced European countries and on the impact of sharing arrangements on economic behavior. The evidence shows...

Persistent link: https://www.econbiz.de/10005151082

Paying for Performance: Incentive Pay Schemes and Employees' Financial Participation

Bryson, Alex; Freeman, Richard; Lucifora, Claudio; … - Centre for Economic Performance, LSE - 2012

We present new comparable data on the incidence of performance pay schemes in Europe and the USA. We find that the percentage of employees exposed to incentive pay schemes ranges from around 10-15 percent in some European countries to over 40 percent in Scandinavian countries and the US....

Persistent link: https://www.econbiz.de/10009398283

Innovation in Business Groups

Belenzon, Sharon; Berkovitz, Tomer - Centre for Economic Performance, LSE - 2007

Using novel data on European firms, this paper examines the effect of business group affiliation on innovation. We find … that business groups foster the scale and novelty of corporate innovation. Group affiliation is particularly important in … industries that rely more on external finance and have a higher degree of information asymmetry. We also find that the innovation …

Persistent link: https://www.econbiz.de/10005151051

Innovation, Reallocation and Growth

Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - Centre for Economic Performance, LSE - 2013

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

Persistent link: https://www.econbiz.de/10010655943

Motivation and Sorting in Open Source Software Innovation

Belenzon, Sharon; Schankerman, Mark - Centre for Economic Performance, LSE - 2008

innovation. Unlike previous literature based on survey data, we exploit the observed pattern of contributions - the .revealed …

Persistent link: https://www.econbiz.de/10005670637