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market duality put future growth at risk. Policy action is required to stimulate employment and raise labour productivity … Israelis and the aggregate labour productivity of the economy. This will require setting appropriate work incentives and … mobility and improving reallocation towards high-productivity jobs and firms, in particular in the high-tech sector. …
Persistent link: https://www.econbiz.de/10014491347
of estimates from this perspective. Nevertheless, it is also subject to considerable heterogeneity. We first show … graphical and statistical evidence on the existence of a high level of heterogeneity among Okun's law estimates in existing … research, then analyze potential sources of heterogeneity. Using 1,213 estimates of Okun's law for various countries, regions …
Persistent link: https://www.econbiz.de/10013164466
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
Using firm-level data on 11,000 companies across seven countries in South Asia, this paper explores the effects of access to finance on employment growth and performance at the firm level. The paper focuses on how the impact of financing obstacles varies across firm sizes. The results show that...
Persistent link: https://www.econbiz.de/10012672307
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
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Proponents of minimum wage increases have argued that such hikes can serve as an engine of economic growth and assist low-skilled individuals during downturns in the business cycle. However, a review of the literature provides little empirical support for these claims. Minimum wage increases...
Persistent link: https://www.econbiz.de/10011434456
Persistent link: https://www.econbiz.de/10011980136
both positively associated with a significant turnover, employment and labor productivity growth premium. However, their …
Persistent link: https://www.econbiz.de/10011995810
Persistent link: https://www.econbiz.de/10012818237