; idiosyncratic shocks ; granular residual ; Germany …

; idiosyncratic shocks ; granular residual ; Germany …

I study the causal effect of the European Union Emissions Trading System (EU ETS) on the productivity of German …. This approach allows for an endogenous dynamic productivity process and corrects for simultaneous changes in input use or … productivity after a firm is regulated by the EU ETS. After estimating the firm specific productivity, I employ a difference …

manufacturing firms in Germany. Our difference-in-differences framework relies on several parametric conditioning strategies and …

manufacturing firms in Germany. Our difference-in-differences framework relies on several parametric conditioning strategies and …

. Labor productivity rises 8% at targets over two years post buyout (again, relative to controls), with large gains for both … public-to-private and private-to-private buyouts. Target productivity gains are larger yet for deals executed amidst tight … sharply curtails productivity gains in public-to-private and divisional buy-outs. Average earnings per worker fall by 1.7% at …

is highly disaggregated at the industry level with an input-output network structure. Measured productivity in the model …-specific, uncorrelated across industries. The bulk of the aggregate fluctuations, including those in aggregate measured productivity, are … data. Our second finding is that about half of the decrease in the cyclicality of measured productivity in the U.S. after …