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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
We analyze the link between R&D, innovation, and productivity in MSMEs with a special focus on micro firms with fewer … their labor productivity. Overall, the link between R&D, innovation, and productivity in micro firms does not largely differ …
Persistent link: https://www.econbiz.de/10012999002
and more volatile productivity …
Persistent link: https://www.econbiz.de/10014051630
We study the labor market outcomes of a deregulation reform in Germany that removed licensing requirements to become …
Persistent link: https://www.econbiz.de/10012909864
Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....
Persistent link: https://www.econbiz.de/10013058310
deregulation reform are relatively small due to the small size of the professional services in Germany.Policy reforms i) and ii … proposals for Germany: i) a reduction in the social security tax in the low-wage sector, ii) a publicly financed expansion of … full-day child care and full-day schooling, and iii) the further deregulation of the professional service sector. The …
Persistent link: https://www.econbiz.de/10012996554
regulations covering the temporary help service sector in Germany. We isolate the causal effect of this reform by combining a …
Persistent link: https://www.econbiz.de/10013028176
overall productivity-enhancing effect. The reform of fixed-term contracts instead did not produce the intended results: it … productivity losses. We estimate substitution elasticities across various types of temporary contracts that are consistent with …
Persistent link: https://www.econbiz.de/10013106655
This paper examines the impact of trade liberalization on firms' product and labor market power. We estimate the prevalence and intensity of firm-level price-cost markups and either wage markups or wage markdowns. We take the dependence between these model-consistent measures of product and...
Persistent link: https://www.econbiz.de/10012842037
Immigrants may complement native workers, increase productivity, allow specialization by skill in the firm and lower … costs. These effects could be beneficial for the firm and increase its productivity and profits. However not all firms use … supply of immigrants on firms' immigrant employment and firm's productivity.Using micro-level data on French firms, we show …
Persistent link: https://www.econbiz.de/10013055899