FIRM DYNAMICS WITH FRICTIONAL PRODUCT AND LABOR MARKETS
نویسندگان
چکیده
منابع مشابه
Technology-Policy Interaction in Frictional Labor Markets∗
Does capital-embodied technological change play an important role in shaping labor market outcomes? To address this question, we develop a model with vintage capital and search-matching frictions where irreversible investment in new vintages of capital creates heterogeneity in productivity among firms, matched as well as vacant. We demonstrate that capital-embodied technological change reduces ...
متن کاملVintage Capital in Frictional Labor Markets∗
Does capital-embodied technological change play an important role in shaping labor market outcomes? To address this question, we develop a model with vintage capital and search-matching frictions where irreversible investment in new vintages of capital creates heterogeneity in productivity among both vacant and matched firms. We demonstrate that capital-embodied technological change reduces lab...
متن کاملFinancial Markets and Firm Dynamics
Recent studies have shown that the dynamics of firms (growth, job reallocation and exit) are negatively correlated with the initial size of the firm and its age. In this paper we analyze whether financial factors, in addition to technological differences, are important in generating these dynamics. We introduce financial market frictions in a basic model of industry dynamics with persistent sho...
متن کاملAccounting: Labor, Capital And Product Markets
Accounting practices differ across geographic and political boundaries, across sectors of the economy within these boundaries, and across types of organizations. Globalization exerts a homogenizing force across the political and jurisdictional boundaries with mixed consequences. The development of markets for various factors of production exerts a similar integrative force across sectors of the...
متن کاملFirm age, business cycles and aggregate labor market dynamics
Job creation and destruction rates fall with a firm’s age, young businesses have higher exit rates, conditional on survival they grow faster and given their employment shares they create relatively more jobs than older firms. In fact, recent studies show that the well established negative relationship between a firm’s size and its growth rate vanishes once its age is taken into account. I exten...
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: International Economic Review
سال: 2021
ISSN: 0020-6598,1468-2354
DOI: 10.1111/iere.12510