This study conducts an international comparison of productivity and profitability. First, the level and growth of productivity are compared in OECD countries for the period from 1975 to 2009. According to this comparison, productivity growth has been faster in the key Finnish sectors com-pared...

The long-term employment contracts that helped to explain the once superior performance Japanese companies have come under pressure after the burst of the economic bubble in Japan after 1990. A large number of long-tenured, highly paid employees can become a financial burden for a company....

We find that firms located in areas with higher intergenerational mobility are more profitable. Building off the work of Chetty and Hendren (2018a and 2018b)—who provide measures of intergenerational mobility for all commuting zones (essentially, metropolitan areas) within the U.S.—we are...

A basic assumption in the economic literature is the one of diminishing marginal returns to labour. However, theoretical studies on knowledge and labour specialization assume that an increase in the knowledge investment embodied in the human capital of workers raises the marginal product of...

This paper employs threshold regression techniques to examine the effect of product market structure on real wages and profitability. Using longitudinal data on Turkish manufacturing industries over the period of 1985-2001, we show that market concentration has positive effects on wages and...

We assess Finland’s competitiveness in the light of various, mainly short-term indicators. It turns out that the weak export market performance over the last few years is linked to the deterioration of profitability of production in Finland. A better export and employment performance requires...