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The Innovation Premium to Soft Skills in Low-Skilled Occupations
Aghion, Philippe - 2019
Matched employee-employer data from the UK are used to analyze the wage premium to working in an innovative firm. We find that firms that are more R&D intensive pay higher wages on average, and this is particularly true for workers in some low-skilled occupations. We propose a model in which a...
Persistent link: https://www.econbiz.de/10012859121
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Tracking Firm Use of AI in Real Time : A Snapshot from the Business Trends and Outlook Survey
Bonney, Kathryn; Breaux, Cory; Buffington, Cathy; … - National Bureau of Economic Research - 2024
Timely and accurate measurement of AI use by firms is both challenging and crucial for understanding the impacts of AI on the U.S. economy. We provide new, real-time estimates of current and expected future use of AI for business purposes based on the Business Trends and Outlook Survey for...
Persistent link: https://www.econbiz.de/10014528359
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The Rise and Fall of Unions in the United States
Dinlersoz, Emin - 2016
Union membership in the United States displayed a ∩-shaped pattern over the 20th century, while income inequality sketched a ∪. A model of unions is developed to analyze these facts. There is a distribution of productivity across firms in the economy. Firms hire capital, plus skilled and...
Persistent link: https://www.econbiz.de/10013008125
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Technology adoption in input-output networks
Han, Xintong; Xu, Lei - 2019
This paper studies how network structure can affect the speed of adoption. In particular, we model the decision to adopt Python 3 by software packages. Python 3 provides advanced features but is not backward compatible with Python 2, which implies adoption costs. Moreover, packages form...
Persistent link: https://www.econbiz.de/10012137084
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The U.S. Defense Landscape : From Extreme Competitive Advantage to Commoditization
Parco, James E.; Davis, Kevin J.; Green, Steve G. - 2015
We analyze the potential impacts of recent advancements in manufacturing technologies (a specifically, solid free form fabrication, or S3) on the current defense industrial base structure from a resource-based perspective considering Schumpeter's theory of creative destruction (1934)....
Persistent link: https://www.econbiz.de/10014028809
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The plant life-cycle of the average wage of employees in US manufacturing
Dinlersoz, Emin; Hyatt, Henry R.; Nguyen, Sang V. - In: IZA Journal of Labor Economics 2 (2013), pp. 1-23
This paper explores the evolution of the average wage of employees over the life-cycle of a manufacturing plant. The average wage starts out low for a new plant and increases along with labor productivity as the plant ages. As a plant approaches exit, its average wage falls, but more slowly than...
Persistent link: https://www.econbiz.de/10010221105
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The collaborative innovation bloc: A new mission for Austrian economics
Elert, Niklas; Henrekson, Magnus - 2018
innovation bloc into their study of spontaneous market order. We demonstrate how successful entrepreneurship depends on an … innovation bloc of this kind, a system of innovation that evolves and within which activity takes place through time. The … innovation bloc consists of five pools of economic skills from which people are drawn or recruited to form part of a …
Persistent link: https://www.econbiz.de/10011917098
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Outsourcing and technological change
Bartel, Ann; Lach, Saul; Sicherman, Nachum - 2009
We present a dynamic model where the probability of outsourcing production is increasing in the firm's expectation of technological change. As the pace of innovations in production technologies increases, the less time the firm has to amortize the sunk costs associated with purchasing and...
Persistent link: https://www.econbiz.de/10010269467
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Skill Biased Technological and Organizational Change: Estimating a Mixed Simultaneous Equation Model Using the IAB Establishment Panel
Hujer, Reinhard; Caliendo, Marco; Radić, Dubravko - 2002
paper analyses the interdependencies between labour demand for high and low skilled employees, innovation activities and …
Persistent link: https://www.econbiz.de/10010276294
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Innovative Entrepreneurship as a Collaborative Effort: An Institutional Framework
Elert, Niklas; Henrekson, Magnus - 2020
We demonstrate how successful entrepreneurship depends on a collaborative innovation bloc (CIB), a system of innovation … skills from which people are drawn or recruited to form part of a collaborative team, which is necessary for innovation …
Persistent link: https://www.econbiz.de/10012615413