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Medical Innovation, Human Capital Productivity, and the Cross Section of Stock Returns
Zhou, Tong - 2019
Medical innovation enhances labor health, promotes human capital productivity, and influences asset prices. Using a … manually collected dataset on drug approvals to identify medical innovation, I first confirm its direct impact on human capital … -- a higher medical innovation shock predicts a higher growth of hours worked and total factor productivity, and firms with …
Persistent link: https://www.econbiz.de/10012901148
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A dynamic heterogeneous labour demand model for German manufacturing
Falk, Martin - 2000
This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10013428321
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Limits to wage growth : understanding the wage divergence between immigrants and natives
Jain, Apoorva; Sabirianova Peter, Klara - 2017
This study finds evidence of wage divergence between immigrants and natives in Germany using a country-wide household panel from 1984 to 2014. We incorporate the possibility of wage divergence into a two-period model of economic assimilation by modeling the differences in the efficiency of human...
Persistent link: https://www.econbiz.de/10011704320
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Lower wages for less hours? : a simultaneous wage-hours model for Germany
Wolf, Elke - 2000
In this paper the impact of working hours on the gross hourly wage rate of West German women is analyzed. We use a simultaneous wage-hours model which takes into account the participation decision. First, our estimates show that the hourly wage rate is strongly affected by the working hours. In...
Persistent link: https://www.econbiz.de/10013428291
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How much does a year off cost? : estimating the wage effects of employment breaks and part-time periods
Beblo, Miriam - 2000
Discontinuities in the employment profile are supposed to cause wage cuts since they imply an interruption in the accumulation of human capital as well as a depreciation of the human capital stock built up in the past. In this paper, we estimate the return to effective experience, taking into...
Persistent link: https://www.econbiz.de/10013428383
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Lower wages for less hours? : a simultaneous wage-hours model for Germany
Wolf, Elke - 2000
In this paper the impact of working hours on the gross hourly wage rate of West German women is analyzed. We use a simultaneous wage-hours model which takes into account the participation decision. First, our estimates show that the hourly wage rate is strongly a¤ected by the working hours. In...
Persistent link: https://www.econbiz.de/10011443530
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How much does a year off cost? : estimating the wage effects of employment breaks and part-time periods
Beblo, Miriam; Wolf, Elke - 2000
Discontinuities in the employment profile are supposed to cause wage cuts since they imply an interruption in the accumulation of human capital as well as a depreciation of the human capital stock built up in the past. In this paper, we estimate the return to effective experience, taking into...
Persistent link: https://www.econbiz.de/10011445624
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The impact of information technology on high-skilled labour in services : evidence from firm level panel data
Falk, Martin; Seim, Katja - 2000 - Revised January 2000
This paper analyses the link between the high-skilled employment share and the level of investment in information technology (IT) in the service production process. The analysis is based on an unbalanced panel data set for 933 West German firms over the period 1994-1996. To account for firms...
Persistent link: https://www.econbiz.de/10011443456
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The effect of human capital on output growth in ICT industries : evidence from OECD countries
Murphy, Gavin (contributor); Siedschlag, Iulia (contributor) - 2007
In this paper we analyse the effects of human capital in fostering output growth in ICT manufacturing and services using data from a sample of twenty OECD countries over the period 1980-2002. We focus on within country between industry differences and control for country and industry specific...
Persistent link: https://www.econbiz.de/10003449242
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The adoption of ICT : firm-level evidence from Irish manufacturing industries
Haller, Stefanie (contributor);  … - 2007
This paper examines factors driving ICT adoption at firm level. We use a novel data set including information on ICT and e-commerce in Irish manufacturing firms over the period 2001-2004 and estimate a model derived from the new technology adoption literature that relates ICT adoption indicators...
Persistent link: https://www.econbiz.de/10003519337