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In order to assess the productivity effects of information and communication technologies (ICT), regressions based on cross?sectional firm?level data may yield unreliable results for the commonly employed production function framework. In this paper, various estimation biases and econometric...
Persistent link: https://www.econbiz.de/10010297959
We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we … topics that have been the focus of recent microeconometric research on investment and employment. In particular, we review …
Persistent link: https://www.econbiz.de/10014024950
In order to simplify the representation of a technological relationship between inputs and outputs, a production unit's technology must typically satisfy some restrictive conditions, some of them being well known in the literature. This paper presents new results for aggregating labour inputs...
Persistent link: https://www.econbiz.de/10013318384
This paper introduces a new argument into the theoretical literature on labor market effects of changes in working hours and labor force participation. We advance a general equilibrium model in which increased labor supply reduces unskilled unemployment via consumer demand: longer work hours and...
Persistent link: https://www.econbiz.de/10014210825
Using the universe of firms in Estonia, we study the implications of imports-led and FDI- facilitated automation for productivity and factor shares of tasks and value-added. First, in contrast to the findings for developed economies, we find that the aggregate labour share of value-added for...
Persistent link: https://www.econbiz.de/10014345168
choice. When applying the estimator to innovation decisions data of German firms, we find evidence for the existence of …
Persistent link: https://www.econbiz.de/10011544393
the interaction between firms and trade union in determining wages and employment. The focus is on analyzing the effects … wages and capital stock, conditional on which the firm decides on production factors of employment, working hours and … capital operating time. We suggest the use of a panel data approach applied to manufacturing data. A dynamic model is …
Persistent link: https://www.econbiz.de/10010262109
school graduates accumulated 2.8 quarters more private employment. However, because they substitute private for public and … self-employment, overall employment does not increase but is still better paid. For high school dropouts, no persistent …
Persistent link: https://www.econbiz.de/10014244086
Studies find that technological change has contributed to the decline in manufacturing and to persistent unemployment … in many advanced economies. While process innovation can be job-destroying, product innovation can imply the emergence of … new firms, new sectors, and thus new jobs. But even for process innovation, the final impact on labor demand is shaped by …
Persistent link: https://www.econbiz.de/10011431678
positive and significant impact of AI patent families on employment, supporting the labour-friendly nature of product … innovation in the AI supply industries. However, this effect is small in magnitude and limited to service sectors and younger …
Persistent link: https://www.econbiz.de/10012517502