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Unionization and Firm Performance : The Impact on Profits, Growth and Productivity
Clark, Kim B. - 2021
negative union effects on profitability, but growth, productivity and the capital-labor ratio appear to be little affected by … may have longer term implications for efficiency since the impact on profitability appears to fall most heavily on firms …
Persistent link: https://www.econbiz.de/10013212600
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Rising Labor Productivity During the 2008-9 Recession
Mulligan, Casey B. - 2011
During the recession of 2008-9, labor hours fell sharply, while wages and output per hour rose. Some, but not all, of the productivity and wage increase can be attributed to changing quality of the workforce. The rest of the increase appears to be due to increases in production inputs other than...
Persistent link: https://www.econbiz.de/10013118424
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Do Household Wealth Shocks Affect Productivity? Evidence from Innovative Workers During the Great Recession
Bernstein, Shai - 2017
We investigate how the deterioration of household balance sheets affects worker productivity, and whether such effects mitigate or amplify economic downturns. To do so, we compare the output of innovative workers who experienced different declines in housing wealth, but who were employed at the...
Persistent link: https://www.econbiz.de/10012943613
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Productivity and Potential Output Before, During, and after the Great Recession
Fernald, John G. - 2014
U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations that focus on disruptions during or since the recession, and industry and state data rule out "bubble economy" stories related to housing or finance. The slowdown is located in...
Persistent link: https://www.econbiz.de/10013052125
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Labor Productivity During the Great Depression
Bordo, Michael D.; Evans, Charles L. - 2021
In a recent paper, Bemanke and Parkinson (1991) studied interwar U.S. manufacturing data with the objective of assessing competing theories of the business cycle. An important finding was that short-run increasing returns to Labor (SRIRL), or procyclical labor productivity, was at least as...
Persistent link: https://www.econbiz.de/10013218323
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Financial Knowledge and 401(K) Investment Performance
Clark, Robert L. - 2014
Using a unique new dataset linking administrative data on investment performance and financial knowledge, we examine …
Persistent link: https://www.econbiz.de/10013053837
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Cheap Labor Meets Costly Capital : The Impact of Devaluations on Commodity Firms
Forbes, Kristin J. - 2021
, profitability, investment, and stock returns for firms in the 'crisis' country as well as competitors in the rest of the world … capital investment and stock returns (and therefore expected long-run output and profits) is determined by capital …
Persistent link: https://www.econbiz.de/10013211638
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Is Poland the Next Spain?
Caselli, Francesco - 2012
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...
Persistent link: https://www.econbiz.de/10013101075
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Industrial Productivity in a Hotter World : The Aggregate Implications of Heterogeneous Firm Investment in Air Conditioning
Graff Zivin, Joshua - 2016
How will a nation's aggregate urban productivity be affected by climate change? The joint distribution of climate conditions and economic activity across a nation's cities will together determine industrial average exposure to climate risk. Air conditioning (AC) can greatly reduce this heat...
Persistent link: https://www.econbiz.de/10012976982
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R&D Investment and International Productivity Differences
Lichtenberg, Frank R. - 2022
This paper extends previous research on the effect of investment on labor productivity at the country level by … accounting for investment in R&D, as well as for investment in fixed and human capital. Privately-funded R&D investment is found … social (national) rate of return to private R&D investment is about seven times as large as the return to investment in …
Persistent link: https://www.econbiz.de/10013321592