Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10001867062
We study the effects of the progressive elimination of the system of industrial regulations on entry and production, known as the "license raj," on registered manufacturing output, employment, entry and investment across Indian states with different labor market regulations. The effects are...
Persistent link: https://www.econbiz.de/10012466638
Innovation in the U.S. economy is about employing and rewarding highly talented workers to produce new products. Using unique longitudinal matched employer-employee data, this paper makes a key connection between talent and firms in markets with risky product innovations. We show that software...
Persistent link: https://www.econbiz.de/10012466229
harmonized firm-level dataset. It shows that industry and firm size effects (and especially firm size) account for a large …
Persistent link: https://www.econbiz.de/10010521324
the U.S. is accounted for by industry effects. These industry effects stem from rising inter-industry earnings … differentials and not from changing distribution of employment across industries. We also find the rising inter-industry earnings … components of the recent literature: one focuses on firm effects and the other on occupation effects. The link via industry …
Persistent link: https://www.econbiz.de/10012479310
There is growing consensus that a key difference between the U.S. and developing economies is that the latter exhibit slower employment growth over the life cycle of the average business. At the same time, the rapid post entry growth in the U.S. is driven by an "up or out dynamic". We track...
Persistent link: https://www.econbiz.de/10012479504
This paper studies capital adjustment at the establishment level. Our goal is to characterize capital adjustment costs, which are important for understanding both the dynamics of aggregate investment and the impact of various policies on capital accu- mulation. Our estimation strategy searches...
Persistent link: https://www.econbiz.de/10012462977
We use plant output and input prices to decompose the profit margin into four parts: productivity, demand shocks, mark-ups and input costs. We find that each of these market fundamentals are important in explaining plant exit. We then use variation across sectors in tariff changes after the...
Persistent link: https://www.econbiz.de/10012463713
This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...
Persistent link: https://www.econbiz.de/10012468909
in-house knowledge and show that it is associated with increased growth and industry switching. We rationalize this …
Persistent link: https://www.econbiz.de/10013334346