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This paper uses cross-country micro-aggregated data on rm dynamics and productivity from the ECB CompNet database to …. Productivity enhancing reallocation generally rises in downturns but, similar to findings for the US, it did not pick up in the …
Persistent link: https://www.econbiz.de/10011869982
Using a large firm level dataset, that covers 18 European countries in the 2006-2014 period, I develop an empirical approach in the spirit of Rajan and Zingales (1998) in order to study whether and to what extent the credit cycle influences the efficient allocation of resources across firms. I...
Persistent link: https://www.econbiz.de/10012925009
variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and … employment to cyclical output growth across a panel of countries. Measured productivity contributes more to the cycle in Europe … cyclical employment fluctuations. -- Intensive margin ; extensive margin ; productivity ; business cycles ; variance …
Persistent link: https://www.econbiz.de/10009127619
Labor productivity (LP) in the United States has gone from being procyclical to acyclical since the mid-1980s. Using … industry-level data, this paper first shows that total factor productivity (TFP), which is LP net of capital deepening, has … reasons for the change in the cyclicality of productivity. By decomposing TFP into technical change and input utilization, it …
Persistent link: https://www.econbiz.de/10010490366
We describe new experimental productivity statistics, Dispersion Statistics on Productivity (DiSP), jointly developed … and published by the Bureau of Labor Statistics (BLS) and the Census Bureau. Official BLS productivity statistics provide … information on aggregate productivity growth. Yet, a large body of research shows that within-industry variation in productivity …
Persistent link: https://www.econbiz.de/10012550217
Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical productivity … procyclical productivity as an essential feature of business cycles because each explanation has important implications for … utilization and resource reallocations are particularly important in explaining procyclical productivity. We also argue that the …
Persistent link: https://www.econbiz.de/10014141533
This paper investigates whether procyclical productivity is due to cyclical variations in the rate of utilization of … labor or to technological externalities. By looking at the relation between sectoral productivity and the level of aggregate … industries shows that sectoral productivity is more closely related to the rate of change of aggregate activity than to its level …
Persistent link: https://www.econbiz.de/10014106844
. 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 …
Persistent link: https://www.econbiz.de/10012631151
A consequence of similar institutional conditions of domestic labor markets in Europe is the permanent occurrence of the "labor hoarding" phenomenon, which entails non-immediate adaptation of employment to production changes. The article verifies whether the phenomenon of labor hoarding occurs...
Persistent link: https://www.econbiz.de/10012270498
We present new evidence on how employment growth varies across firm types (size, productivity, and wage) and over the … hirings from/to employment (poaching) and net hirings from nonemployment. High-productivity firms are the most growing firms …
Persistent link: https://www.econbiz.de/10012290637