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Snower, Dennis J. - 1999

This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....

Persistent link: https://www.econbiz.de/10011294713

The Effect of Franchising on Establishment Performance in the U.S. Restaurant Industry

Sveum, Matthew - 2017

A central theme in much of the franchising literature is that franchising mitigates the principle-agent problems between the owner of the franchise company and the operator of the local establishment by making the operator the owner-franchisee of the establishment. Despite the centrality of that...

Persistent link: https://www.econbiz.de/10012967088

Unconventional monetary policy and productivity : evidence on the risk-seeking channel from us corporate bond markets

Albrizio, Silvia; Conesa, Marina; Dlugosch, Dennis; … - 2019

We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …

Persistent link: https://www.econbiz.de/10011975741

Collateral, reallocation, and aggregate productivity : evidence from the U.S. housing boom

Dörr, Sebastian - 2018

This paper shows that rising real estate prices reduce industry productivity, because they lead to a reallocation of … labor towards inefficient firms. This has significant negative consequences for aggregate industry productivity. I find that … industries with stronger growth in real estate value see a significant reduction in total factor productivity growth. A 10 …

Persistent link: https://www.econbiz.de/10012220104

Product market competition, corporate governance and firm performance : an empirical analysis for Germany

Januszewski, Silke I.; Köke, F. Jens; Winter, Joachim - 1999

Productivity growth has been slow in many continental European countries over the last few decades, especially in … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in … Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. …

Persistent link: https://www.econbiz.de/10011443499

Productivity, place, and plants : revisiting the measurement

Schoefer, Benjamin; Ziv, Oren - 2021

Why do cities differ so much in productivity? We document that most of the measured dispersion in productivity across … US cities is spurious and reflects granularity bias: idiosyncratic heterogeneity in plant-level productivity and size …

Persistent link: https://www.econbiz.de/10012418448

Opening the black box : task and skill mix and productivity dispersion

Blackwood, G. Jacob; Cunningham, Cindy; Dey, Matthew S.; … - 2022

important gap in most empirical studies of establishment-level productivity is the limited information about workers …' characteristics and their tasks. Skill-adjusted labor input measures have been shown to be important for aggregate productivity …-access establishment-level productivity dataset created by the BLS-Census Bureau Collaborative Micro-productivity Project. We take a first …

Persistent link: https://www.econbiz.de/10013412738