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In this study we focus on the role of the reallocation of activity across individual producers for aggregate productivity growth. A growing body of empirical analysis yields striking patterns in the behavior of establishment-level reallocation and productivity. Nevertheless, a review of existing...
Persistent link: https://www.econbiz.de/10005014691
characteristics; moreover, these variations suggest that employment adjustment costs reflect the technology of the plant, the skill of …
Persistent link: https://www.econbiz.de/10005014692
By exploiting establishment-level data for U.S. manufacturing, this paper sheds new light on the source of the changes in the structure of production, wages, and employment that have occurred over the last several decades. Based on recent theoretical work by Caselli (1999) and Kremer and Maskin...
Persistent link: https://www.econbiz.de/10010533905
Micro employment adjustment costs affect not only establishment-level dynamics but can also affect aggregate employment dynamics. The difficulties in directly observing and measuring these adjustment costs necessitate an indirect approach in order to learn more about the sources and size of...
Persistent link: https://www.econbiz.de/10005058788
Understanding the nature and magnitude of resource reallocation, particularly as it relates to productivity growth, is important both because it affects how we model and interpret aggregate productivity dynamics, and also because market structure and institutions may affect the reallocation’s...
Persistent link: https://www.econbiz.de/10005058845
The Census Bureau recently conducted a survey of management practices in over 30,000 plants across the US, the first … large-scale survey of management in America. Analyzing these data reveals several striking results. First, more structured … management practices are tightly linked to better performance: establishments adopting more structured practices for performance …
Persistent link: https://www.econbiz.de/10010601929