This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm …-country differences in key economic outcomes, such as productivity or output per capita, to differences in policies and institutions that … determinants of productivity at the firm-level and the evolution of the distribution of productivity across firms within each …

establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … decrease in the steady-state average productivity of roughly 0.5 percent compared to the optimum's steady-state. This decrease … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation. …

model, we use novel and detailed productivity and survey data from nine large firms in three industries: call … and the difference is driven by referrals from high productivity workers. …

model, we use novel and detailed productivity and survey data from nine large firms in three industries: call … profits per worker and the difference is driven by referrals from high productivity workers. …