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productivity only when it is coupled with a high-wage policy. This holds for individual-based performance pay, group …
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Recent research has revealed enormous variation in performance and growth among firms, which both drives and is driven by large reallocations of inputs and outputs across firms (churning) within industries and markets. These differences in firm-level outcomes and the associated turnover of firms...
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-sponsored training leads to higher productivity levels and increased innovation, both of which benefit the firm. Training can also be …
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