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Is lifetime inequality mainly due to differences across people established early in life or to differences in luck experienced over the working lifetime? We answer this question within a model that features idiosyncratic shocks to human capital, estimated directly from data, as well as...
Persistent link: https://www.econbiz.de/10012759986
Firms in the same industry can differ in measured productivity by multiples of 3. Griliches (1957) suggests one … fixed effects. We show adding human capital variables and the wage bill decreases the ratio of the 90th to 10th productivity … quantiles from 3.27 to 2.68 across eight Danish manufacturing and service industries. The productivity dispersion decrease is …
Persistent link: https://www.econbiz.de/10013128897
productivity. HRM includes incentive pay (individual and group) as well as many non-pay aspects of the employment relationship such … literature on management practices and productivity. We start with some facts on levels and trends of both HRM and productivity … regulation. The largest section analyses the impact of HRM on productivity emphasizing issues of methodology, data and results …
Persistent link: https://www.econbiz.de/10013069842
We examine the implications of local externalities in human capital investment for the size and composition of the productive labor force. The model links residential choice, skills acquisition, and production in a city composed of several communities. Peer effects induce self-segregation by...
Persistent link: https://www.econbiz.de/10012776704
We estimate the aggregate productivity gains from reducing barriers to internal labor migration in Indonesia … attract workers. We find modest but important aggregate impacts. We estimate a 22% increase in labor productivity from … removing all barriers. Reducing migration costs to the US level, a high mobility benchmark, leads to an 8% productivity boost …
Persistent link: https://www.econbiz.de/10012953508
firm survey from the 1840s, we shed light on the mechanism: upper-tail knowledge raised productivity in innovative …
Persistent link: https://www.econbiz.de/10013052500
. Second, density of physical capital in a city outside a plant has no effect on a plant's productivity. Third, most of the … productivity differences between cities with high and low levels of human capital match remarkably well differences in labor costs … equilibrium forces and spillovers, the productivity gains generated by human capital spillover are offset by increased labor costs …
Persistent link: https://www.econbiz.de/10013223308
Why are some countries so much richer than others? Development Accounting is a first-pass attempt at organizing the answer around two proximate determinants: factors of production and efficiency. It answers the question "how much of the cross-country income variance can be attributed to...
Persistent link: https://www.econbiz.de/10013249179
competitive barriers increase productivity to Western levels …
Persistent link: https://www.econbiz.de/10013249397
productivity in several thousand establishments located in these regions. To organize the discussion, we present a new model of …
Persistent link: https://www.econbiz.de/10013037866