This paper studies the long-term effect of hedge fund activism on the productivity of target firms using plant …'s business strategy. We also find that plants sold post-intervention exhibit a significant improvement in productivity under new …. We further find that employees of target firms experience a reduction in work hours and stagnation in wages despite an …

This study is an attempt to evaluate the effects of product and labour market regulations on industry productivity … through their various impacts on changes in production prices and wages. In a first stage, the estimation of a regression …-factor productivity is negatively and significantly influenced by both indicators of industrial prices from same industry and weighted …

productivity of women is less than that of men, but not by enough to fully explain the gap in wages, a result that is consistent … deferred wages. We find a productivity premium for marriage equal to that of the wage premium, and a productivity premium for … that both the wage and productivity profiles are rising but concave to the origin (consistent with profiles quadratic in …

Major strands of recent macroeconomic theory hinge on the relation of workers' efforts to their wages, but there has … include detailed time diaries to examine how changes in the use of time on the job affect wages. Additional time spent by the …-the-job leisure will reduce productivity (output per hour paid-for), that monitoring workers can yield returns to the firm, but that …

An observed positive relationship between compensation and productivity cannot distinguish between two channels: (1) an …

This paper examines how employer- and worker-specific productivity shocks transmit to earnings and employment in an … 11%, but price permanent worker differences, a large contributor (32%) to variations in wages. A large share of the … earnings growth variance can be attributed to job mobility, which interacts with productivity shocks. We evaluate the effects …

empirically investigate the link between firms' choice of worker mix and the implied relationships between productivity and wages … observable characteristics. (ii) We find that new businesses exhibit even greater heterogeneity in earnings and productivity than … different for earnings and productivity, is consistent both with firms learning as they age and with the exit of mistake' prone …

Average wage growth is closely related to aggregate productivity growth across countries and within countries over time …. The commonality of patterns across OECD countries suggests that common factors are at work. Are productivity …-based explanations of wage changes consistent with increasing variance in wages as well as increases in mean wages as suggested by skill …

We develop an empirical framework to assess the importance of trade and technical change on the wages of production and … outsourcing and expenditures on high-technology equipment can explain a substantial amount of the increase in the wages of … our benchmark assumption that industry prices are independent of productivity. When we allow for the endogeneity of …

This paper studies the dynamic behavior of changes in productivity, wages, and prices. Results are based on a new data … gap indexes to be attributed to a failure of real wages to respond to the post-1972 productivity growth slowdown is …. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits …