منابع مشابه
Productivity Investment and Labor Force Participation in Search Equilibrium
The present paper contributes to the theoretical analysis of the human capital investment and participation decision of heterogeneous workers in the search and matching framework. Its aim is to characterize the equilibrium and to identify the efficiency. Here, the paper studies search equilibrium and matching to consider the participation decision of heterogeneous workers who have differen...
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Recent studies show that the likelihood of survival differs significantly across firms. Both firm and industry characteristics are hypothesized to account for this heterogenity. Using a longitudinal database of manufacturing firms we investigate whether firm or industry characteristics dominate. Our evidence suggests that both firmand industryspecific characteristics shape new-firm survival dur...
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Diverse directors may have diverse preferences over firms’ policies or even objectives. As shown by Arrow (1951), diverse individual preferences may fail to univocally aggregate in collective preferences and may consequently lead to arbitrary and volatile decisions. Using the board of directors as a laboratory, we test whether diversity leads to higher performance volatility. We show that firms...
متن کاملFirm Size Diversity and Regional Innovation ∗
Why are some regions more innovative than others? We examine within– and across–region variation in the coexistence of large and small labs. Large labs may spawn spin-outs caused by innovations deemed unrelated to the firm’s overall business. Small labs generate demand for specialized services that lower entry costs for others. We develop a theoretical framework to study the interplay of these ...
متن کاملLabor 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....
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ژورنال
عنوان ژورنال: Journal of Regional Science
سال: 2020
ISSN: 0022-4146,1467-9787
DOI: 10.1111/jors.12488