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Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar firms start their business life small and then grow over time. Small firms have less internal resources, which makes them more fragile and sensitive to macroeconomic conditions....
Persistent link: https://www.econbiz.de/10014322738
-level job task information that allows us to compare the skills acquired in the years just after graduation to the tasks … required in later employment. Our findings reveal a postdoc salary penalty when task mismatch is high, which is frequent, and a … salary premium when skills align with tasks. Differences in accumulated task-specific human capital explain the between …
Persistent link: https://www.econbiz.de/10014226116
In an RCT with US small businesses, we document that a large share of firms are not well-informed about bankruptcy. Many assume that bankruptcy necessarily entails the death of a business and do not know about Chapter 11 bankruptcy, where debts are renegotiated so that the business can continue...
Persistent link: https://www.econbiz.de/10014226130
to non-uniform labor demand shocks. When workers have different skills, movements in aggregate wages partly reflect a … of task-specific demand shocks that induce aggregate employment and wages to negatively comove even in a frictionless …This paper studies aggregate labor market dynamics when workers have heterogeneous skills for tasks which are subject …
Persistent link: https://www.econbiz.de/10013210080
We present new evidence on the long-run trend of occupational task content by race in the United States, 1900-2021. Black workers began the transition to better paid, cognitive-intensive modern jobs at least a generation after white workers; substantial convergence only occurred from 1960...
Persistent link: https://www.econbiz.de/10014576573
flattening returns to cognitive skills and growing returns to non-cognitive, "higher-order" skills such as teamwork. To …
Persistent link: https://www.econbiz.de/10014247921
We use a panel of survey responses linked to administrative data in Germany to measure the depreciation of skills while … cognitive and noncognitive skills while workers remain unemployed. We find the same pattern in a panel of American workers. The …
Persistent link: https://www.econbiz.de/10014250138
We introduce new measurement tools to understand the sources of earnings differences across space. Based on the natural language employers use in job vacancy text, we develop granular measures of job tasks and of worker specialization. We find that jobs in larger commuting zones involve greater...
Persistent link: https://www.econbiz.de/10013388776
. The results suggest that the development of non-cognitive skills is central to the returns to education for crime and …
Persistent link: https://www.econbiz.de/10013334491
What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...
Persistent link: https://www.econbiz.de/10013334527