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Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper …
Persistent link: https://www.econbiz.de/10013129942
capacity of a structural job search model with i.i.d. productivity shocks to replicate salient properties of these dynamics … quantitatively plausible quot;internal propagation mechanismquot; of i.i.d. productivity shocks into persistent wage shocks. The ….i.d. productivity shocks. This offers an alternative to the conventional linear ARMA-type approach to modelling earnings dynamics …
Persistent link: https://www.econbiz.de/10012780530
, environmental regulation, productivity, and consumer preferences have contributed to these reductions in pollution emissions. We …
Persistent link: https://www.econbiz.de/10013029138
We implement a method to estimate the direct effects of foreign-ownership on foreign firms' productivity and the … indirect effects (or spillovers) from the presence of foreign-owned firms on other foreign and domestic firms' productivity in … in empirical studies examining a direct causal effect of foreign ownership on firm productivity, namely that of no …
Persistent link: https://www.econbiz.de/10013032281
productivity varies across working environments. Using detailed Belgian linked employer-employee panel data for 1999-2010, they … find the existence of a significant, positive (negative) impact of over- (under-)education on firm productivity. Moreover …, their results show that the effect of over-education on productivity is stronger among firms: (i) with a higher share of …
Persistent link: https://www.econbiz.de/10013026437
things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage … thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …
Persistent link: https://www.econbiz.de/10012783546
We test for sorting of workers between and within industrial sectors in a directed search model with coordination frictions. We fit the model to sector-specific vacancy and output data along with publicly-available statistics that characterize the distribution of worker and employer wage...
Persistent link: https://www.econbiz.de/10013046672
show that productivity growth keeps pace with wage growth over the first four years of the career but flattens out … notion that learning-by-doing can be a powerful mechanism for productivity growth …
Persistent link: https://www.econbiz.de/10013324559
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits … a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10013051449
In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...
Persistent link: https://www.econbiz.de/10013119734