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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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to enhance their effort and utility. We employ a general specification utility function and show that the final effect of … technological growth on individuals’ effort and utility depends, respectively, on the assumptions we make about their nature with … regard to their effort strategies (i.e. conformists, deviants or neutrals) and to their utility preferences (i.e. altruistic …
Persistent link: https://www.econbiz.de/10011750606
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...
Persistent link: https://www.econbiz.de/10012493019
our model with variable effort, greater labor market frictions are associated with procyclical labor productivity as well …Labor productivity is more procyclical in OECD countries with lower employment volatility. To capture this new stylized … fact, we propose a business cycle model with employment adjustment costs, variable hours and labor effort. We show that, in …
Persistent link: https://www.econbiz.de/10012547644
to enhance their effort and utility. We employ a general specification utility function and show that the final effect of … technological growth on individuals' effort and utility depends, respectively, on the assumptions we make about their nature with … regard to their effort strategies (i.e. conformists, deviants or neutrals) and to their utility preferences (i.e. altruistic …
Persistent link: https://www.econbiz.de/10011763739
Several determinants of player values like productivity and human capital have been investigated in previous research …; however, the influence of individual effort has been neglected. This study assumes that effort could be a signaling device and … analyzes the effect of effort on market values of soccer players. Secondary data on player statistics and market values from …
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