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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
housing across locations. We implement our methodology on newly-built single-family homes in France. We find that the …
Persistent link: https://www.econbiz.de/10012978173
comparable enterprise level data from France, Germany, and the United Kingdom. Exporters are more productive and pay higher wages … significantly smaller in Germany, significantly larger in France, and does not differ significantly in the UK. The results for wages … 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
interactions that increase productivity), possibly reinforced by localised natural advantage. To distinguish between them, we nest … larger cities left-truncates the productivity distribution whereas stronger agglomeration right-shifts and dilates the … cannot explain spatial productivity differences. This result holds across sectors, city size thresholds, establishment …
Persistent link: https://www.econbiz.de/10013107198
framework incorporates such regulations into the Lucas (1978) model and applies this to France where many labor laws start to … structurally estimate the key parameters of our model to construct counterfactual size, productivity and welfare distributions …
Persistent link: https://www.econbiz.de/10013085471
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
Since 2008, France experiences a sharp productivity slowdown. Both output per hour and total factor productivity are … particularly deceptive in the market economy. This recent trend contrasts with the acceleration of productivity during the previous … to have turned productivity more sensitive to the business cycle (and especially to the fall of stock markets) …
Persistent link: https://www.econbiz.de/10013016310
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
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
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