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Italy that combines Social Security earnings records for employees with detailed financial information for employers to … for any permanent differences in productivity across workers, firms, and job matches. We also compare OLS and instrumental …
Persistent link: https://www.econbiz.de/10013140998
) that has been modified to include ICT investment and R&D as the two main inputs into innovation and productivity. We find … that R&D and ICT are both strongly associated with innovation and productivity, with R&D being more important for … innovation, and ICT investment being more important for productivity. For the median firm, rates of return to both investments …
Persistent link: https://www.econbiz.de/10013066114
An important class of investment decisions is characterized by unrecoverable sunk costs, resolution of uncertainty through time, and the ability to invest in the future as an alternative to investing today. The options model provides guidance in such settings, including an investment decision...
Persistent link: https://www.econbiz.de/10013142935
, matching can occur (inefficiently) early only when there is comparable demand and supply: a surplus of applicants, but a …
Persistent link: https://www.econbiz.de/10013152623
We develop and implement a method to improve estimates of worker flows and job openings based on the Job Openings and Labor Turnover Survey (JOLTS). Our method involves reweighting the cross-sectional density of employment growth rates in JOLTS to match the corresponding density in the...
Persistent link: https://www.econbiz.de/10012759105
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10012759577
This paper develops a dynamic model of mismatch. Workers and jobs are randomly assigned to labor markets. Each labor market clears at each instant but some labor markets have more workers than jobs, hence unemployment, and some have more jobs than workers, hence vacancies. As workers and jobs...
Persistent link: https://www.econbiz.de/10012761787
I analyze two extensions to the standard model of life cycle labor supply that feature operative choices along both the intensive and extensive margin. The first assumes that individuals face different continuous wage-hours schedules. The second assumes that all work must be coordinated across...
Persistent link: https://www.econbiz.de/10013134860
. However, differences in labor market institutions, productivity, and skills of the labor force are also crucial factors and …
Persistent link: https://www.econbiz.de/10013015117
This paper makes the following original contributions to the literature. (1) We develop a simpler analytical characterization and numerical algorithm for Bayesian inference in structural vector autoregressions that can be used for models that are overidentified, just-identified, or...
Persistent link: https://www.econbiz.de/10013040238