منابع مشابه
The Wage Response to Shocks: The Role of Inter-Occupational Labour Adjustment ¬リニ
• This paper examines the role of industrial and occupational structure on wages • The commonly-used shift-share approach can be misleading • Search and bargaining effects are 2.8 times the effects predicted by shift-share • Accounting for occupational adjustments is important a b s t r a c t a r t i c l e i n f o How do cities' average wages adjust to a shock, e.g. trade-induced or technology-...
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This paper explores the joint implications of two assumptions in a business cycle model: the key shock is reallocational, rendering some of the capital stock unproductive while not affecting the remainder; and wages are rigid and do not respond to the shock. In a model with an otherwise-frictionless labor market model, an adverse shock leads to a proportional and permanent decline in capital, e...
متن کاملAge, Wage and Productivity: Firm-Level Evidence
In this paper, we estimate the profile of productivity by age through the estimation of production functions. ‘Productivity’ is defined as the average contribution of age groups to the productivity of firms. Our data are a matched employer-employee dataset covering about 70,000 firms in the late 1990’s in France. We find that productivity increases with age until age 40 and then remains stable ...
متن کاملWage policy, employee turnover and productivity
In this paper, we are interested in the effect of pay incentives on labour turnover and productivity. Particularly we use personnel data from a panel of 400 shops from a UK retail chain. The firm uses perfectly flat hourly wage system with no reward for tenure or individual productivity. This system leads to the phenomenon of negative selection, where only employees with lower outside options r...
متن کاملFinancial Shocks and Endogenous Total Factor Productivity
This paper presents and estimates a dynamic stochastic general equilibrium model in which labor reallocations between production and organizational tasks and endogenous movements in measured TFP serve as an ampli cation mechanism in business cycles. In our model, the organizational tasks are related to accumulation of organizational capital which enhances the nancial relationships between rms...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1972829