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This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component. Stochastic production frontier approach is used to simultaneously estimate the production function and the determinants of technical efficiency in the software intensive...
Persistent link: https://www.econbiz.de/10011309152
responsible for the lack of growth in test scores. For most other relevant inputs, we find substantial heterogeneity in the …
Persistent link: https://www.econbiz.de/10011517673
Accurate counts of cases and deaths are critical for devising an optimal pandemic response. Yet, as the COVID-19 pandemic has progressed, so too has the recognition that cases and deaths have been underreported, perhaps vastly so. Here, we present an econometric strategy to estimate the true...
Persistent link: https://www.econbiz.de/10012431859
income on independent living as well as considerable heterogeneity. The elderly with easy access to their adult children …
Persistent link: https://www.econbiz.de/10011283126
Mechanisms to overcome social dilemmas provide incentives to maximize efficiency. However, often – such as when agents are heterogeneous – there is a trade-off between efficiency and equality. Agents' concerns for equality in such instances can limit the ability of mechanisms to promote...
Persistent link: https://www.econbiz.de/10011346562
We combine micro and macro unemployment duration data to study the effects of the business cycle on the outflow from unemployment. We allow the cycle to affect individual exit probabilities of unemployed workers as well as the composition of the total inflow into unemployment. We estimate the...
Persistent link: https://www.econbiz.de/10011318596
Many commonly used treatment effects estimators rely on the unconfoundedness assumption ("selection on observables") which is fundamentally non-testable. When evaluating the effects of labor market policies, researchers need to observe variables that affect both treatment participation and labor...
Persistent link: https://www.econbiz.de/10010386595
Immigrants may complement native workers, increase productivity, allow specialization by skill in the firm and lower costs. These effects could be beneficial for the firm and increase its productivity and profits. However not all firms use immigrants. Allowing firms to have differential fixed...
Persistent link: https://www.econbiz.de/10010337418
, we find no health benefits from additional treatments for average newborns. However, there is substantial heterogeneity …
Persistent link: https://www.econbiz.de/10011455287
from the outset of their spells (heterogeneity). Another is that their bad outcomes are a consequence of the extended … previous researchers that we use to control for individual heterogeneity that might be affecting subsequent labor market … likelihood of subsequent employment. This finding is inconsistent with the heterogeneity ("bad apple") explanation for why the …
Persistent link: https://www.econbiz.de/10011541313