This paper considers empirical work relating to models of firm dynamics. We show that a hazard regression model for firm exits, with a modification to accommodate age-varying covariate effects, provides an empirical framework accommodating many of the features of interest in studies on firm...

This Paper considers empirical work relating to models of firm dynamics. It is shown that a hazard regression model for firm exits, with a modification to accommodate age-varying covariate effects, provides an adequate framework accommodating many of the features of interest in empirical studies...

The article analyses the productivity dynamics of a sample of Italian manufacturing firms in the period 1996-2006. The first part computes Malmquist measures of productivity using non parametric techniques. Our measures show that the low rate of growth in productivity is due to the different...

Italy’s manufacturing performance in the last decade was the worst of all the other major OECD countries. The study investigates the micro-dynamics underlying the aggregate trend. While labor productivity in most manufacturing sectors has remained almost flat, distribution support has widened....

We explore bifurcation phenomena in the open-economy New Keynesian model developed by Gali and Monacelli (2005). We find that the open economy framework brings about more complex dynamics, along with a wider variety of qualitative behaviors and policy responses. Introducing parameters related to...

We develop a method for identifying departures from relative factor price equality that is robust to unobserved variation in factor productivity. We implement this method using data on the relative wage bills of non-production and production workers across 170 local labor markets comprising the...

A number of recent studies have documented extensive downward nominal wage rigidity (dnwr) for job stayers in many oecd countries. However, DNWR for individual workers may induce downward rigidity or “a floor” for the aggregate wage growth at positive or negative levels. Aggregate wage...

Using individual level data from Turkstat Household Labor Force Survey for 2005-2009 period, we analyze whether there is a wage gap between formal and informal workers with comparable observable characteristics, where the formality of employment is defined with respect to individuals' registry...

Body mass index (BMI), weight(kg)/ height(m)2, is a widely used measure for obesity in medical science. In economics, there appeared studies (e.g., Cawley (2004) and Burkhauser and Cawley (2008)) showing that BMI has a negative (or no) effect on wage. But BMI is a tightly specified function of...

This paper investigates how students’ collegiate athletic participation affects their subsequent labor market success. It uses newly developed distributional tests to establish that the wage distribution of former college athletes is significantly different from non-athletes and that athletic...