effects of labor downsizing on firms' technical efficiency, financial performance, and employee wages. We find that downsizing … more dramatically. Moreover, downsizing has serious short-term costs in terms of total factor productivity. For mild … downsizing, private firms suffer more deterioration in productivity. The distribution of surplus after downsizing is more …

mobility in the CEO market, even though firms demand general CEO skills. The empowerment mechanism explains why CEOs are …

wages, especially for cities initially in banking deserts. However, these gains are not shared equally. Instead, they … increase with workers' productivity, implying a substantial increase in wage inequality. The changes to inequality are …

labor downsizing on firms' technical efficiency, financial performance, and employee wages. Since downsizers and non … reversing the trends of declining productivity and profitability of state enterprises in the short run. Our findings imply that …

, financial performance, labour productivity and product quality. While there is clear evidence that training is positively …

longer period of time tend to pay higher wages. Using a unique set of linked employer-employee data we present the first … empirical evidence on this firm age - wage nexus for Germany. We find that older firms pay on average higher wages for workers …