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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

Wages and their impact on individuals, households and firms

Thoresson, Anna - 2020

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Essays on energy economics : advanced modeling approaches and policy analysis

Zhang, Lin - 2015

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Welfare, poverty and development in Latin America

Abel, Christopher (ed.); Lewis, Colin M. (contributor) - 1993

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Pay and employment in the new Europe

Marsden, David (ed.) - 1992

Pay and European integration / David Marsden and Jean-Jacques Silvestre -- The internal market and relocation strategies / Daniel Vaughan-Whitehead -- European economic integration from the standpoint of Spanish labour market problems / Jos(c)♭ Luis Malo de Molina and Pilar Garc(c)Ưa Perea --...