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In most transition countries the aggregate level evidence suggests that most industries are just destroying jobs, due … transition process in Slovenian manufacturing has been one of just destruction or in contrast one of creative destruction. To … to slowly reforming transition economies where the transition process in manufacturing is characterized by little job …
Persistent link: https://www.econbiz.de/10013319579
Australia has a dynamic labour market with high job turnover. According to the HILDA Survey data, about one-fifth of all employees separate from their job every year, and about one fifth of those are displaced workers - laid off for economic reasons. Using multivariate probit regression we find...
Persistent link: https://www.econbiz.de/10011998482
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Many firms adjust employment in a "lumpy" manner -- infrequently and in large bursts. In this paper, I show that lumpy adjustments can arise from concerns about the incentives of remaining workers. Specifically, I develop a model in which a firm's productivity depends on its workers' effort and...
Persistent link: https://www.econbiz.de/10011709242
Persistent link: https://www.econbiz.de/10012261467
We analyze a unique dataset that separately reports research and development expenditures for a large panel of public and private firms. We establish new empirical facts about how equity ownership status relates to innovation strategy and then compare these facts to equilibrium outcomes...
Persistent link: https://www.econbiz.de/10012846704
Using individual-level data from personnel records and interviews, company-level data on plant conditions and closures, and labor-market area data, this paper undertakes a multi-level analysis of the effects of clustered factors, keyed to production plants, on individual decisions of continued...
Persistent link: https://www.econbiz.de/10014153906
adjustment costs during the transition, but private ownership and product market competition appear to increase responsiveness …
Persistent link: https://www.econbiz.de/10014080203
Persistent link: https://www.econbiz.de/10013424228
At the onset of the COVID pandemic, the U.S. economy suddenly and swiftly lost 20 million jobs. Over the next two years, the economy has been on the recovery path. We assess the labor market two years into the COVID crisis. We show that early employment dynamics were almost entirely driven by...
Persistent link: https://www.econbiz.de/10013362041