Showing 1 - 10 of 38
The literature has pointed to different causes to explain the productivity gap between Europe and United States in the … last decades. This paper tests the hypothesis that the lower European productivity performance in comparison with the US …&D investment into productivity gains. The proposed microeconometric estimates are based on a unique longitudinal database covering …
Persistent link: https://www.econbiz.de/10013127961
productivity and a risky technology with productivity subject to sizeable shocks. Strict EPL makes the risky technology relatively … less attractive because it is more costly to shed workers upon receiving a low productivity draw. We calibrate the model … mechanism can explain a considerable portion of the slowdown in productivity in the EU relative to the US since 1995 …
Persistent link: https://www.econbiz.de/10013133623
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/10013138258
and productivity hold in the years before the export start, which indicates self-selection into exporting of more …
Persistent link: https://www.econbiz.de/10013138673
productive than firms that only sell on the national market. This positive exporter productivity premium shows up in a large … firm fixed effects. These studies test for a difference in productivity between exporters and non-exporters at the … conditional mean of the productivity distribution. However, if firms are heterogeneous, it is possible that the size of the …
Persistent link: https://www.econbiz.de/10013139057
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...
Persistent link: https://www.econbiz.de/10013118054
with the size of production units. These distortions lead to sharp reductions in plant productivity and the fraction of …
Persistent link: https://www.econbiz.de/10013120407
Offshoring is generally believed to be productivity-enhancing and this belief is underpinned by economic theory. This … productivity. Estimating the impact of materials and business services offshoring on productivity growth with industry-level data … show that there is no productivity effect of materials offshoring, while business services offshoring leads to productivity …
Persistent link: https://www.econbiz.de/10013123598
We study how workers' wages respond to TFP-driven innovations in firms' labor productivity. Using unique data with … of physical (as opposed to revenue) TFP to instrument labor productivity in the wage equations. We find that the reaction … of wages to sectoral labor productivity is almost three times larger than the response to pure idiosyncratic (firm …
Persistent link: https://www.econbiz.de/10013124492
, education and demographic characteristics affects the productivity of firms in Denmark. Implementing a structural estimation of … firm's value added. Conversely, diversity in ethnicity and demographics induces negative effects on firm productivity …
Persistent link: https://www.econbiz.de/10013098130