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Economic growth through worker reallocation : the role of knowledge spillovers
Mäkynen, Eero - 2021
An establishment can improve its productivity by hiring workers from more productive establishments. Then, how important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium model where knowledge transmits as workers reallocate from...
Persistent link: https://www.econbiz.de/10012583063
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Going the extra mile : effort by workers and job-seekers
Hertweck, Matthias S.; Lewis, Vivien; Villa, Stefania - 2019
equilibria. Variable labor effort gives rise to increasing returns to hours in production. This makes workers more valuable and …
Persistent link: https://www.econbiz.de/10012062385
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Labor shortage and innovation
Horbach, Jens; Rammer, Christian - 2020
Skilled labor is a key input to the innovation process. A shortage in supply of skilled labor may hence impede innovation activities, resulting in lower productivity gains. While governments are concerned about these likely negative impacts, there is only limited empirical evidence whether and...
Persistent link: https://www.econbiz.de/10012168132
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Job creation in tight and slack labor markets
Buchheim, Lukas; Watzinger, Martin; Wilhelm, Matthias - 2019
Do investment programs create more jobs in tight or in slack labor markets? We study this question using data from a large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and across space, we find that photovoltaic installations...
Persistent link: https://www.econbiz.de/10012033285
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Economic growth through worker reallocation: The role of knowledge spillovers
Mäkynen, Eero - 2021
An establishment can improve its productivity by hiring workers from more productive establishments. Then, how important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium model where knowledge transmits as workers reallocate from...
Persistent link: https://www.econbiz.de/10013394370
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Uncertainty, misallocation and the life-cycle growth of firms
Mäkynen, Eero; Vähämaa, Oskari - 2021
We develop a measure of static misallocation that separates uncertainty from misallocation generated by tax-like distortions. In the Finnish firm-level data, uncertainty accounts for the majority of ex post misallocation and explains a strong decreasing age-dependent trend in it. To understand...
Persistent link: https://www.econbiz.de/10012583062
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The demand of heterogeneous labour in Germany
Falk, Martin; Koebel, Bertrand M. - 1997
In this paper, four commonly provided explanations for the shift in labour demand for different skill groups are investigated: the substitutability of inputs; the own-price sensitivity for different types of labour; the effect of economic growth and the impact of technological change. In...
Persistent link: https://www.econbiz.de/10011622045
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Computers as stepping stones? : technological change and equality of labor market opportunities
Arntz, Melanie; Lipowski, Cäcilia; Neidhöfer, Guido; … - 2022
This paper analyzes whether technological change improves equality of labor market opportunities by decreasing returns to parental background. We find that in Germany during the 1990s, computerization improved the access to technologyadopting occupations for workers with low-educated parents,...
Persistent link: https://www.econbiz.de/10013202834
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The labor demand effects of refugee immigration : evidence from a natural experiment
Berbée, Paul; Brücker, Herbert; Garloff, Alfred; … - 2022
: As the number of recently arrived refugees and thus the demand for locally produced goods increases, local employment …
Persistent link: https://www.econbiz.de/10013475171
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Employment, hours and optimal monetary policy
Dossche, Maarten; Lewis, Vivien; Poilly, Céline - 2015
satisfy demand in the short run by adjusting hours per worker. Imperfect product market competition and search frictions … reduce steady state hours per worker below the efficient level. Bargaining results in a convex 'wage curve' linking wages to … hours. Since the steady-state real marginal wage is low, wages respond little to hours. As a result, firms overuse the hours …
Persistent link: https://www.econbiz.de/10010471629