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An Engine of (Pay) Growth? Productivity and Wages in the UK Auto Industry

Norris Keiller, Agnes; Obermeier, Tim; Teichgraeber, Andreas - National Bureau of Economic Research - 2024

When labour market competition is imperfect, positive industry (and firm) productivity shocks can be passed through to workers in the form of higher wages. We document how the UK auto industry, following a period of decline, experienced a four-decade-long productivity boom. There was a...

Persistent link: https://www.econbiz.de/10014635658

Scalable Demand and Markups

Atalay, Enghin; Frost, Erika; Sorensen, Alan T.; … - National Bureau of Economic Research - 2023

We study changes in markups across 72 product markets from 2006 to 2018. A growing literature has documented a rise in markups over time using a production function approach; we instead employ the standard microeconomic method, which is to estimate demand and then invert firms' first-order...

Persistent link: https://www.econbiz.de/10014287331

Globalization and Profitability of US Firms : The Role of Intangibles

Chintha, Bullipe R.; Jagannathan, Ravi; Sridhar, Sri S. - National Bureau of Economic Research - 2024

China's admission into the WTO in 2001 heralded a new era of globalization, increasing both import competition in domestic markets and foreign opportunities for US firms. In the aggregate, the average annual profitability of US public firms during the post globalization period (2003-2019)...

Persistent link: https://www.econbiz.de/10014512056

Product Repositioning by Merging Firms

Atalay, Enghin; Sorensen, Alan T.; Sullivan, Christopher J. - National Bureau of Economic Research - 2023

We examine merging firms' additions and removals of products for a sample of 66 mergers across a wide variety of consumer packaged goods markets. We find that mergers lead to a net reduction in the number of products offered by merging firms. Merging firms tend to both drop and add products at...

Persistent link: https://www.econbiz.de/10014287330

The Changing Firm and Country Boundaries of US Manufacturers in Global Value Chains

Fort, Teresa C. - National Bureau of Economic Research - 2023

This paper documents how US firms organize goods production across firm and country boundaries. Most US firms that perform physical transformation tasks in-house using foreign manufacturing plants in 2007 also own US manufacturing plants; moreover manufacturing comprises their main domestic...

Persistent link: https://www.econbiz.de/10014322707

Automation, Career Values, and Political Preferences

Petrova, Maria; Schubert, Gregor; Taska, Bledi; … - National Bureau of Economic Research - 2024

Career opportunities and expectations shape people's decisions and can diminish over time. In this paper, we study the career implications of automation and robotization using a novel data set of resumes from approximately 16 million individuals from the United States. We calculate the lifetime...

Persistent link: https://www.econbiz.de/10014635618

Reducing Emissions and Air Pollution from the Informal Sector : Evidence from Bangladesh

Brooks, Nina R. - 2024

We present results from a randomized controlled trial in Bangladesh that introduced operational practices to improve energy efficiency and reduce emissions in 276 "zigzag" brick kilns. 65% of intervention kilns adopted the improved practices. Treatment assignment reduced energy use by 10.3%...

Persistent link: https://www.econbiz.de/10015056118

Structural Change Within versus Across Firms : Evidence from the United States

Ding, Xiang; Fort, Teresa C.; Redding, Stephen; Schott, … - National Bureau of Economic Research - 2022

We document the role of intangible capital in manufacturing firms' substantial contribution to non-manufacturing employment growth from 1977-2019. Exploiting data on firms' "auxiliary" establishments, we develop a novel measure of proprietary in-house knowledge and show that it is associated...

Persistent link: https://www.econbiz.de/10013334346

Globalization, Structural Change and International Comovement

Bonadio, Barthélémy; Huo, Zhen; Levchenko, Andrei A.; … - National Bureau of Economic Research - 2023

industrialized countries over the period 1978-2007. In recent decades, trade integration between advanced economies increased rapidly … share of less correlated sectors in GDP. Globalization - trend reductions in trade costs - exerts two opposing effects on … cross-border GDP comovement. On the one hand, greater trade linkages increase international transmission of shocks and …

Persistent link: https://www.econbiz.de/10014322746

Markups : A Search-Theoretic Perspective

Menzio, Guido - 2024

I derive a formula for the equilibrium distribution of markups in the search- theoretic model of imperfect competition of Butters (1977), Varian (1980), and Burdett and Judd (1983). The level of markups and the sign of the relationship between a seller's markup and its size depends on the extent...

Persistent link: https://www.econbiz.de/10015056214

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