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In this study we focus on the role of the reallocation of activity across individual producers for aggregate productivity growth. A growing body of empirical analysis yields striking patterns in the behavior of establishment-level reallocation and productivity. Nevertheless, a review of existing...
Persistent link: https://www.econbiz.de/10005014691
characteristics; moreover, these variations suggest that employment adjustment costs reflect the technology of the plant, the skill of …
Persistent link: https://www.econbiz.de/10005014692
By exploiting establishment-level data for U.S. manufacturing, this paper sheds new light on the source of the changes in the structure of production, wages, and employment that have occurred over the last several decades. Based on recent theoretical work by Caselli (1999) and Kremer and Maskin...
Persistent link: https://www.econbiz.de/10010533905
We analyze the connection between productivity, pollution abatement expenditures, and other measures of environmental regulation for plants in three industries (paper, oil, and steel). We examine data from 1979 to 1990, considering both total factor productivity levels and growth rates. Plants...
Persistent link: https://www.econbiz.de/10005058645
Does the impact of environmental regulation differ by plant vintage and technology? We answer this question using … annual Census Bureau information on 116 pulp and paper mills’ vintage, technology, productivity, and pollution abatement … include our technology, vintage, and renovation variables. Sample calculations of the impact of pollution abatement on …
Persistent link: https://www.econbiz.de/10005058708
steel). We combine productivity data from the Longitudinal Research Database ( LRD ) with pollution abatement expenditures …
Persistent link: https://www.econbiz.de/10005058713
This paper examines whether a firm's allocation of production across its plants responds to the environmental regulation faced by those plants, as measured by differences in stringency across states. We also test whether sensitivity to regulation differs based on differences across firms in...
Persistent link: https://www.econbiz.de/10005058778
Micro employment adjustment costs affect not only establishment-level dynamics but can also affect aggregate employment dynamics. The difficulties in directly observing and measuring these adjustment costs necessitate an indirect approach in order to learn more about the sources and size of...
Persistent link: https://www.econbiz.de/10005058788
Persistent link: https://www.econbiz.de/10005058798
Understanding the nature and magnitude of resource reallocation, particularly as it relates to productivity growth, is important both because it affects how we model and interpret aggregate productivity dynamics, and also because market structure and institutions may affect the reallocation’s...
Persistent link: https://www.econbiz.de/10005058845