labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves ….e. unexpected changes in the drift and standard deviation of the stochastic process describing the dynamics of productivity, depends … workers with idiosyncratic productivity below some threshold value. A more volatile environment, and a lower rate of …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

This paper analyzes the implications of labor market institutions and policies on the employment-labor productivity … unemployment and the distribution of both wages and productivity are endogenous. By means of simulations of this model estimated on …

-employee data from Portugal. Using dynamic panel data methods, we quantify a firm-specific productivity term for each firm, and we …

heterogeneity in productivity and factor prices symmetrically. The strength of the proposed estimator is illustrated by Monte Carlo …

able managers raise labour productivity by 17% compared to less able. We show that the managers' incentive scheme is …

impressive productivity gains. But it is easy to confuse true productivity advances in transportation industries with changes in … productivity can be overwhelmed by even subtle changes in the traffic mix. After controlling for endogenous changes in the … data, 1982-1997, with observed productivity changes much more likely due to changes in speed limits and the dimensions of …