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the context of a postulated change in the rate of increase of total factor productivity, we show that the convergence …
Persistent link: https://www.econbiz.de/10004971314
Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more …
Persistent link: https://www.econbiz.de/10005497762
We study the relation between workers' skill dispersion and firm productivity using a unique dataset of Italian … production function that depends on the skill composition show that a firm's productivity is positively related to skill …
Persistent link: https://www.econbiz.de/10005656279
We show that direct investments by consumers without the use of financial intermediaries can efficiently allocate financial capital to firms seeking funding for production of a novel consumption good. In our setting, consumers are also investors, and their privately known consumption preferences...
Persistent link: https://www.econbiz.de/10011201361
This paper examines whether differences in welfare regimes shape the incentives to work and get educated. Using … microeconomic data for more than 100,000 European individuals, the results show that welfare regimes make a difference for wages and … weakest welfare systems, i.e. those with what is known as ‘Residual’ welfare regimes (Greece, Italy, Spain and Portugal …
Persistent link: https://www.econbiz.de/10008854522
percentage of households in poverty. He attributed the bulk of this decline to government welfare reforms enacted during and … with that of 1936 and looking more closely at the measurement of income. We also re-assess the impact of welfare reforms on … working class poverty. We find that poverty in York was significantly higher, and the contribution of welfare reform …
Persistent link: https://www.econbiz.de/10005656469
Two of the earliest inventions of a human capital-intensive technology were for the production of personal internal goods that enabled humans to derive more pleasure out of leisure, namely dance and music. I model the incentives to invent hobbies and to acquire hobby skills, and its implications...
Persistent link: https://www.econbiz.de/10005504741
-offs. The analytical expressions we derive for social welfare deliver a transparent understanding of how preferences, technology …
Persistent link: https://www.econbiz.de/10011084652
rates increase firm's productivity while high shares of temporary contracts decrease it. Both effects are quantitatively …
Persistent link: https://www.econbiz.de/10005791712
This paper analyzes the effect of having a large gap in firing costs between permanent and temporary workers in a dual labour market on TFP development at the firm level. We propose a simple model showing that, under plausible conditions, both temporary workers' effort and firms' temp-to-perm...
Persistent link: https://www.econbiz.de/10011083282