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In this paper we explore the impact of imperfectly competitive input markets on production function estimation. First order profit maximizing conditions are altered when frictions in input markets cause the elasticity of input supply to the firm to be finite. A consequence of this is that the...
Persistent link: https://www.econbiz.de/10009311511
Recent research exploits a variety of natural experiments that create exogenous variation in annual school days to estimate the average effect of formal schooling on students' academic achievement. However, the extant literature's focus on average effects masks potentially important variation in...
Persistent link: https://www.econbiz.de/10011317634
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10009006943
productivity growth ; technology indicator ; technology shifter ; OECD countries …
Persistent link: https://www.econbiz.de/10009425734
Persistent link: https://www.econbiz.de/10001769080
In this paper, we explore the impact of workers' tenure on firm productivity, using rich longitudinal matched employer … theoretical predictions, we find that tenure exhibits an inverted-U-shaped relationship with respect to productivity. The … beneficial for productivity in contexts characterized by a certain degree of routineness and lower job complexity. Along the same …
Persistent link: https://www.econbiz.de/10012549467
of the empirical findings on the economic impacts of diversity on innovation, productivity, and the labour market. It …
Persistent link: https://www.econbiz.de/10012517843
dispersion, and 2) the correlation between within-firm skill dispersion and productivity is positive in industries with higher …
Persistent link: https://www.econbiz.de/10012024633
We investigate the impact of sickness absenteeism on productivity by using rich longitudinal matched employer … fixed effects. Our main finding is that, in general, sickness absenteeism substantially dampens firm productivity. An … increase of 1 percentage point in the rate of sickness absenteeism entails a productivity loss of 0.24%. Yet, we find that the …
Persistent link: https://www.econbiz.de/10011865479
This paper examines the nonlinear propagation of sectoral productivity shocks in a general equilibrium framework with … in the aggregate propagation of sectoral productivity shocks with variable elasticities than with constant elasticities …. The results of sectoral productivity shocks on cross-country income convergence between 2005 and 2011 are robust across …
Persistent link: https://www.econbiz.de/10014429881