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union density on firm productivity and wages in the population of Norwegian firms over the period 2001 to 2012. Increases in … union density lead to substantial increases in firm productivity and wages having accounted for the potential endogeneity of …
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finding that labor productivity was procyclical; a framing of this finding as a "puzzle" or anomaly for the basic neoclassical … theory of the firm, and a proposed resolution of the puzzle based on optimizing behavior of the firm in the presence of costs …
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How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated impulse-response functions.A combination of...
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