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Innovation and Productivity in SMEs : Empirical Evidence for Italy
Hall, Bronwyn H. - 2008
success from firm surveys along with the usual R&D expenditures and productivity measures. We then apply the model to data on … process and product innovation. Both these kinds of innovation have a positive impact on firm's productivity, especially …
Persistent link: https://www.econbiz.de/10012464055
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Trading Places : Mobility Responses of Native and Foreign-Born Adults to the China Trade Shock
Autor, David H.; Dorn, David; Hanson, Gordon H. - National Bureau of Economic Research - 2023
Previous research finds that the greater geographic mobility of foreign than native-born workers following economic shocks helps to facilitate local labor market adjustment to shifting regional economic conditions. We examine the role that immigration may have played in enabling U.S. commuting...
Persistent link: https://www.econbiz.de/10013537796
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The Race Between Education, Technology, and the Minimum Wage
Vogel, Jonathan - National Bureau of Economic Research - 2023
What is the impact of the minimum wage on the college wage premium? I show that job-ladder models imply that the effect should be small on impact---raising only the wages of workers bound by the minimum wage---and grow over time as workers slowly move up the job ladder. Guided by my theory, I...
Persistent link: https://www.econbiz.de/10014247949
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The Distributional Impact of the Minimum Wage in the Short and Long Run
Hurst, Erik; Kehoe, Patrick J.; Pastorino, Elena; … - National Bureau of Economic Research - 2022
We develop a framework with rich worker heterogeneity, firm monopsony power, and putty-clay technology to study the distributional impact of the minimum wage in the short and long run. Our production technology is disciplined to be consistent with the small estimated employment effects of the...
Persistent link: https://www.econbiz.de/10013334511
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The Race Between Education, Technology, and Institutions
Vogel, Jonathan - National Bureau of Economic Research - 2022
I generalize the canonical model--in which relative supply and demand for worker skills shape the skill premium--incorporating monopsony power, minimum wages, and unemployment. I estimate the extended canonical model using national data and, separately, state-level data. I show that...
Persistent link: https://www.econbiz.de/10013334528
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The Unexpected Long-Run Impact of the Minimum Wage : An Educational Cascade
Sutch, Richard - 2010
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/10012462301
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Does the Minimum Wage Cause Inefficient Rationing?
Luttmer, Erzo F.P. - 2007
This paper investigates whether the minimum wage leads to inefficient job rationing. By not allowing wages to clear the labor market, the minimum wage could cause workers with low reservation wages to be rationed out while equally skilled workers with higher reservation wages are employed. This...
Persistent link: https://www.econbiz.de/10012465643
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Does a One-Size-Fits-All Minimum Wage Cause Financial Stress for Small Businesses?
Chava, Sudheer - 2019
Do increases in federal minimum wage impact the financial health of small businesses? Using intertemporal variation in whether a state's minimum wage is bound by the federal rate and credit-score data for approximately 15.2 million establishments for the period 1989-2013, we find that increases...
Persistent link: https://www.econbiz.de/10012480467
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A New Interpretation of Productivity Growth Dynamics in the Pre-Pandemic and Pandemic Era U.S. Economy, 1950-2022
Gordon, Robert J.; Sayed, Hassan - National Bureau of Economic Research - 2022
The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent … per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4 ….1 percent rate achieved in the four quarters of 2020. This paper provides a unified framework that explains productivity growth …
Persistent link: https://www.econbiz.de/10013334484
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Intuit QuickBooks Small Business Index : A New Employment Series for the US, Canada, and the UK
Akcigit, Ufuk; Chhina, Raman; Cilasun, Seyit Mümin; … - National Bureau of Economic Research - 2023
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