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Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective
Sahin, Afsin; Tansel, Aysit; Berument, Hakan - 2013
This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are … long-run relationships for the aggregate output with non-agricultural employment and sectoral employment levels for seven …
Persistent link: https://www.econbiz.de/10010329177
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Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective
Sahin, Afsin; Tansel, Aysit; Berument, Hakan - Institute for the Study of Labor (IZA) - 2013
This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are … long-run relationships for the aggregate output with non-agricultural employment and sectoral employment levels for seven …
Persistent link: https://www.econbiz.de/10010884236
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The UK's Productivity Puzzle
Bryson, Alex; Forth, John - 2015
The 2008 Great Recession was notable in the UK for three things: the enormity of the output shock; the muted … unemployment response; and the very slow rate of recovery. We review the literature which finds most of the decline in productivity …
Persistent link: https://www.econbiz.de/10011288222
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Managers and Productivity Differences
Guner, Nezih; Parkhomenko, Andrii; Ventura, Gustavo - 2015
correlated with output per worker. We interpret this evidence through the lens of an equilibrium life-cycle, span … to a reduction in managerial quality of 27% and to a reduction in output of about 7% – more than half of the observed gap …-country variation in output per worker gap with the U.S. …
Persistent link: https://www.econbiz.de/10011420761
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Labor and the Market Value of the Firm
Merz, Monika; Yashiv, Eran - 2003
What role does labor play in firms? market value? We explore this question using a production-based asset pricing model with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital and that the two interact, with the interaction being...
Persistent link: https://www.econbiz.de/10010261658
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Inventories, Employment and Hours
Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002
-equation restrictions. The econometric results shed light on several important topics, including the shape of the marginal cost of output …
Persistent link: https://www.econbiz.de/10010262792
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Profit sharing, wage formation and flexible outsourcing under labor market imperfection
Koskela, Erkki; König, Jan - 2010
We combine profit sharing and outsourcing, if the wage for worker is decided by a labor union to analyze how does the implementation of profit sharing affect individual effort and the bargained wage and thus outsourcing? We find that profit sharing and the wage level have an individual...
Persistent link: https://www.econbiz.de/10010269678
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Does international outsourcing really lower workers' income?
Koskela, Erkki; König, Jan - 2010
We analyze the impact of international outsourcing on income, if the domestic labor market is imperfect. We distinguish in our analysis between the case where the parties negotiate over the wage only and where they negotiate over both wage and profit share. We find that in the first case...
Persistent link: https://www.econbiz.de/10010271390
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Who Works for Whom? Worker Sorting in a Model of Entrepreneurship with Heterogeneous Labor Markets
Dinlersoz, Emin; Hyatt, Henry R.; Janicki, Hubert P. - 2016
Young and small firms are typically matched with younger and nonemployed individuals, and they provide these workers with lower earnings compared to other firms. To explore the mechanisms behind these facts, a dynamic model of entrepreneurship is introduced, where individuals can choose not to...
Persistent link: https://www.econbiz.de/10011451266
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Misallocation and Inequality
Guner, Nezih; Ruggieri, Alessandro - 2022
For a large set of countries, we document how the labor earnings inequality varies with GDP per capita. As countries get richer, the mean-to-median ratio and the Gini coefficient decline. Yet, this decline masks divergent patterns: while inequality at the top of the earnings distribution falls,...
Persistent link: https://www.econbiz.de/10013351713