Showing 1 - 10 of 1,251
We propose a new measure of allocative efficiency based on unrealized increases in aggregate productivity growth. We …
Persistent link: https://www.econbiz.de/10012977130
Individual evaluation interviews have become a widespread practice. 52% of employees in French manufacturing firms over … 50 employees declared an annual individual evaluation interview in 1997. However whereas the problem of constructing an … optimal contract with subjective evaluation (which is defined simply as a signal in most papers) receives a large attention …
Persistent link: https://www.econbiz.de/10012753959
This paper develops a life-cycle model in which workers choose both consumption levels and job fatality risks, implying that the effect of age on the value of life is ambiguous. The empirical analysis of this relationship uses novel, age-dependent fatal and nonfatal risk variables. Workers'...
Persistent link: https://www.econbiz.de/10013227899
due to measurement error. We conclude that the evidence on the prevalence of small price changes is much too weak to be …
Persistent link: https://www.econbiz.de/10013108251
In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy. We make use of a new data base of models designed for such investigations. We focus on three representative models: the Christiano, Eichenbaum, Evans (2005) model, the Smets and...
Persistent link: https://www.econbiz.de/10012757616
rely on housing price capitalization. It is a computational analog to Chetty's [2009] call for considering the measurement …
Persistent link: https://www.econbiz.de/10013227908
The importance of increments to an existing highway system depends upon their contributions to the accessibility provided by the existing network. Nearly 40 years ago, Mohring [1965] suggested this logic for planning optimal highway investment programs. He argued it could be implemented by...
Persistent link: https://www.econbiz.de/10013143462
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
attempt to raise their productivity to the level required to gain employment. Second, employers faced with an inability to …
Persistent link: https://www.econbiz.de/10013138315
engineers proportion (SEP) of employment, and productivity and labor earnings. We show that: (1) most scientists and engineers …&D); (2) productivity is higher in manufacturing establishments with higher SEP, and increases with increases in SEP; (3 …) employee earnings are higher in manufacturing establishments with higher SEP, and increase substantially for employees who move …
Persistent link: https://www.econbiz.de/10012954468