Showing 1 - 10 of 608
reduce inequality. We study the local and aggregate effects of collective bargaining in Italy and Germany. The two countries … have similar geographical differences in firm productivity - with the North more productive than the South in Italy and the … West more productive than the East in Germany - but have adopted different models of wage bargaining. Italy sets wages …
Persistent link: https://www.econbiz.de/10011998613
workers in the Veneto region of Italy with detailed financial data for firms. We find robust evidence of positive sorting. The …
Persistent link: https://www.econbiz.de/10011347151
According to Gibrat’s Law of Proportionate Effect, the growth rate of a given firm is independent of its size at the beginning of the period examined. While earlier studies tended to confirm the Law, more recent research generally rejects it. This paper reconciles these two streams of...
Persistent link: https://www.econbiz.de/10003583928
The impact of the incumbent state-owned enterprises (SOEs) on the births of new private-owned enterprises (POEs) in China is a central concern for the government and society. In this paper, we apply agglomeration theories to distinguish the linkages between SOEs and POEs. Using China's 2008...
Persistent link: https://www.econbiz.de/10014310232
This paper studies the turnover of board of directors members in a sample of 72 companies listed on the Milan Stock Exchange during the period 1988-1996. We investigate whether board members change more frequently when company performance is poor, as the literature suggests, and whether and how...
Persistent link: https://www.econbiz.de/10011318600
This paper investigates, both theoretically and empirically, the implications that complementary assets needed for the formation of start-ups - proxied by the ease of access to financial resources - have on the innovative efforts of incumbent firms. In particular, we develop a theoretical model,...
Persistent link: https://www.econbiz.de/10009727661
Using U.S. manufacturing data, Griliches (1969) found evidence suggesting that capital equipment was more substitutable for unskilled than skilled labor. Griliches formulated this finding as the capital-skill complementarity hypothesis. The purpose of this study is to determine whether the...
Persistent link: https://www.econbiz.de/10003932439
We use a natural experiment to show that the presence of an external examiner in standardized school tests reduces the proportion of correct answers in monitored classes by 5.5 to 8.5% - depending on the grade and the test - with respect to classes in schools with no external monitor. We find...
Persistent link: https://www.econbiz.de/10009548729
Italy, suggesting a substantial return to class size reductions for residents of the Mezzogiorno. In addition to high …
Persistent link: https://www.econbiz.de/10010503463
The aim of the present paper is to gain some insight into the causes of dropping out of school and, more generally, of the factors that induce parents to review their choices about their child's schooling careers. To this end we apply to data from a school dropout survey insights from a model of...
Persistent link: https://www.econbiz.de/10003672776