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This paper investigates how worker beliefs and job prospects impact the wages and growth of young firms, as well as the aggregate economy. Building a heterogeneous-firm directed search model where workers gradually learn about firm types, I find that learning generates endogenous wage...
Persistent link: https://www.econbiz.de/10015191435
Although wage inequality is a prominent and widely studied issue, the literature is vastly silent on the relationship between firm entry and exit and the wage dispersion between firms. Using a 50% random administrative sample of West German establishments over the period 1976-2017, I study wage...
Persistent link: https://www.econbiz.de/10012703676
The main contribution of entrepreneurship theory to economics is to provide an account of market performance in disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the interrelationship between firm entry and exit in...
Persistent link: https://www.econbiz.de/10011377541
This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...
Persistent link: https://www.econbiz.de/10011379632
ausgebildete Arbeitskräfte auf dem externen Arbeitsmarkt zu attrahieren und im Unternehmen zu halten. Theoretische Studien zu …
Persistent link: https://www.econbiz.de/10010532473
ausgebildete Arbeitskräfte auf dem externen Arbeitsmarkt zu attrahieren und diese im Unternehmen zu halten. Theoretische Studien zu …
Persistent link: https://www.econbiz.de/10011279772
Unternehmen gründet, hat sich die Forschung zu Mehrfachbeschäftigungen und die Forschung zu Nebenerwerbsgründungen größtenteils …
Persistent link: https://www.econbiz.de/10011846801
establishments’ survival chances differ between East and West Germany and whether they converged over time. I find that new … establishments in East Germany had relatively good survival chances between 1994 and 1997, with no big differences between East and … West Germany. In 1998 and 1999 the exit hazard increased strongly in East but not in West Germany, which is likely to be …
Persistent link: https://www.econbiz.de/10010238221
This paper analyzes the allocation of workers to jobs and the wage distribution in Germany. Our main contribution is to …
Persistent link: https://www.econbiz.de/10011524613
We examine how the gender of business-owners is related to the wages paid to female relative to male employees working in their firms. Using Finnish register data and employing firm fixed effects, we find that the gender pay gap is - starting from a gender pay gap of 11 to 12 percent - two to...
Persistent link: https://www.econbiz.de/10014528583