: distorted employment decisions, increased productivity, and higher exit rates. Our empirical analysis, using a novel dataset and …% points higher annual productivity growth, and a 3.6% points higher probability of exit for firms with binding employment … after 10 years. Additionally, an alternative policy of productivity investment subsidies proved costly and less effective in …

payment. Productivity and beliefs about relative performance, but hardly any personal characteristics, play a decisive role …

Performance pay has been shown to have important implications for worker and firm productivity. Although workers …

We study the interaction of customer capital and productivity through brand reallocation across firms. We develop a … firm dynamics model with brands as transferable customer capital, heterogeneous firm productivity, and variable markups. We … study the matching process between transferable brand capital and core productivity, which can be inefficient with …

Evidence suggests that productivity would be much higher and unemployment much lower if the supply of and demand for …

also found that, after two decades of transition, the measures of productivity in the examined economies in 2009 were still …