Narrow search
Showing 1 - 10 of 121
Cover Image
The Effects of Globalization and Technology on the Elasticity of Substitution
Sala, Hector - 2017
The elasticity of substitution between capital and labor (σ) is usually considered a "deep parameter". This paper shows … substitution between capital and labor is below unity; that it increases along with the degree of globalization; but it decreases … intertwined linkage among globalization, technology and the elasticity of substitution should be taken into account in any policy …
Persistent link: https://www.econbiz.de/10012950903
Cover Image
Management as a Technology?
Bloom, Nicholas - 2016
Are some management practices akin to a technology that can explain company and national productivity, or do they simply reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 countries. We find large cross-country differences in the...
Persistent link: https://www.econbiz.de/10012988568
Cover Image
Technology and the Demand for Skill : An Analysis of Within and Between Firm Differences
Abowd, John M.; Haltiwanger, John; Lane, Julia; … - 2021
We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated employer-employee data from the U.S. Census Bureau's Longitudinal Employer-Household Dynamics Program infrastructure files spanning two Economic Censuses (1992 and 1997). We...
Persistent link: https://www.econbiz.de/10013317198
Cover Image
Panel Data Estimates of the Production Function and Product and Labor Market Imperfections
Dobbelaere, Sabien - 2010
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
Cover Image
On Input Market Frictions and Estimation of Factors Demand
Dupuy, Arnaud - 2011
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/10013121749
Cover Image
Hidden Insurance in a Moral Hazard Economy
Bertola, Giuseppe - 2013
We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...
Persistent link: https://www.econbiz.de/10013071425
Cover Image
Experimental Estimates of the Student Attendance Production Function
Tran, Long - 2018
Student attendance is both a critical input and intermediate output of the education production function. However, the malleable classroom-level determinants of student attendance are poorly understood. We estimate the causal effect of class size and observable teacher qualifications on student...
Persistent link: https://www.econbiz.de/10012907837
Cover Image
Labor Income Share Dynamics with Variable Elasticity of Substitution
Paul, Saumik - 2019
variable elasticity of substitution (VES-W) framework that embodies a variable elasticity of substitution and a share parameter … variable elasticity of substitution. While the estimated structural parameters calibrate the actual output level and the …
Persistent link: https://www.econbiz.de/10012867988
Cover Image
The Production Function for Housing : Evidence from France
Combes, Pierre-Philippe - 2016
We propose a new nonparametric approach to estimate the production function for housing. Our estimation treats output as a latent variable and relies on the first-order condition for profit maximisation with respect to non-land inputs by competitive house builders. For parcels of a given size,...
Persistent link: https://www.econbiz.de/10012978173
Cover Image
Estimating the Production Function for Human Capital : Results from a Randomized Control Trial in Colombia
Attanasio, Orazio - 2015
We examine the channels through which a randomized early childhood intervention in Colombia led to significant gains in cognitive and socio-emotional skills among a sample of disadvantaged children. We estimate production functions for cognitive and socio-emotional skills as a function of...
Persistent link: https://www.econbiz.de/10013027743