Employment and firm heterogeneity, capital allocation, and countercyclical labor market policies
نویسندگان
چکیده
منابع مشابه
Labor Market Friction, Firm Heterogeneity, and Aggregate Employment and Productivity
The paper is based on a synthesis of a "product variety" version of the firm life cycle model developed by Klette and Kortum (2004) and an equilibrium search model of the labor market with job to job flows introducted by Mortensen (2003). In the construction, a continuum of intermediate product and service varieties are produced with labor that serve as inputs in the production of a final good....
متن کاملCommentary: Active Labor Market Policies to Expand Employment and Opportunity
Labor markets in all Organization for Economic Cooperation and Development (OECD) economies are under stress. Two main factors generate the pressure, although the precise contributions of these factors to unemployment and wage growth remain to be determined. The first factor is an apparent shift in the bias of technology toward skilled-labor-intensive methods of production. The second factor is...
متن کاملActive Labor Market Policies to Expand Employment and Opportunity
All advanced industrial nations appear to be experiencing a jobs problem. There simply appear to be too few decent employment opportunities to go around. This difficulty manifests itself somewhat differently in different countries. But no Organization for Economic Cooperation and Development (OECD) nation appears to have been able to fully escape rising wage inequality (sometimes coupled with d...
متن کاملOrganizational Capital, Managerial Heterogeneity, and Firm Dynamics
We argue that economists have studied the role of management from three perspectives: contingency theory (CT), an organization-centric empirical approach (OC), and a leader-centric empirical approach (LC). To reconcile these three perspectives, we augment a standard dynamic firm model with organizational capital, an intangible, slow-moving, productive asset that can only be produced with the di...
متن کاملGlobalization and labor market outcomes: Wage bargaining, search frictions, and firm heterogeneity
Globalization and Labor Market Outcomes: Wage Bargaining, Search Frictions, and Firm Heterogeneity We introduce search unemployment à la Pissarides into Melitz’ (2003) model of trade with heterogeneous firms. We allow wages to be individually or collectively bargained and analytically solve for the equilibrium. We find that the selection effect of trade influences labor market outcomes. Trade l...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 2017
ISSN: 0304-3878
DOI: 10.1016/j.jdeveco.2017.02.006