Showing 1 - 10 of 331
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
productivity, exploiting an exogenous variation in the institutional environment regulating collective bargaining. We find that the … introduction of collective performance related pay significantly increases productivity by around 3-5 per cent, but such effect … type of parameters used – is also relevant for firm productivity …
Persistent link: https://www.econbiz.de/10013107470
productivity, but they also underscore the risks of quantity-based incentives where quality is important …
Persistent link: https://www.econbiz.de/10013071738
increase firm performance in general and enterprise productivity in particular by introducing PRP and if so, how much. However … novel and rigorous evidence on the productivity effect of varying attributes of PRP and shows that the details of PRP indeed … establish that the omitted variable bias is serious, makes the cross-sectional estimates on the productivity effect of the …
Persistent link: https://www.econbiz.de/10012918239
Nearly half of high earning workers receive performance pay as part of their compensation, but we know strikingly little about the incentive effects of piece rate compensation on high-skilled workers. In this paper, we examine changes in medical providers' output in response to a piece rate...
Persistent link: https://www.econbiz.de/10012863363
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
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
This empirical study examines changes in industrial productivity in Korea between 1980 and 2009, focusing on how … investment in information and communication technology (ICT) and energy use, influence productivity levels. A dynamic factor … productivity growth in 30 industrial sectors. Describing industry-specific productivity levels is important for policymakers when …
Persistent link: https://www.econbiz.de/10013033816
rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT …-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT … expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases …
Persistent link: https://www.econbiz.de/10013060122
education. The econometric evidence documents a strong relationship between ICT capital and productivity in both countries, even …
Persistent link: https://www.econbiz.de/10012750467