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Declining business dynamism in Europe : the role of shocks, market power, and technology
Biondi, Filippo; Inferrera, Sergio; Mertens, Matthias; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This version: March 7, 2024
productivity shocks. However, the dispersion of firms’ productivity shocks has decreased too. To enhance our understanding of these …
Persistent link: https://www.econbiz.de/10014493768
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Declining business dynamism in Europe : the role of shocks, market power, and technology
Biondi, Filippo; Inferrera, Sergio; Mertens, Matthias; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This version: March 7, 2024
productivity shocks. However, the dispersion of firms’ productivity shocks has decreased too. To enhance our understanding of these …
Persistent link: https://www.econbiz.de/10014493774
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Declining business dynamism in Europe : the role of shocks, market power, and technology
Biondi, Filippo; Inferrera, Sergio; Mertens, Matthias; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2023
productivity. However, the dispersion of firms’ productivity shocks has decreased too. To enhance our understanding of these … patterns, we derive a firm-level framework that relates changes in firms’ productivity, market power, and technology to job …
Persistent link: https://www.econbiz.de/10014362876
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Declining business dynamism in Europe : the role of shocks, market power, and technology
Biondi, Filippo; Inferrera, Sergio; Mertens, Matthias; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2023
productivity. However, the dispersion of firms’ productivity shocks has decreased too. To enhance our understanding of these … patterns, we derive a firm-level framework that relates changes in firms’ productivity, market power, and technology to job …
Persistent link: https://www.econbiz.de/10014362897
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Automation with heterogeneous agents : the effect on consumption inequality
Santini, Tommaso - Leibniz-Institut für Wirtschaftsforschung Halle - 2022 - This version: November 3, 2022
In this paper, I study technological change as a candidate for the observed increase in consumption inequality in the United States. I build an incomplete market model with educational choice combined with a task-based model on the production side. I consider two channels through which...
Persistent link: https://www.econbiz.de/10013460248
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Do larger firms exert more market power? : markups and markdowns along the size distribution
Mertens, Matthias; Mottironi, Bernardo - Leibniz-Institut für Wirtschaftsforschung Halle - 2023 - This version: September 18, 2023
Several models posit a positive cross-sectional correlation between markups and firm size, which characterizes misallocation, factor shares, and gains from trade. Accounting for labor market power in markup estimation, we find instead that larger firms have lower product markups but higher wage...
Persistent link: https://www.econbiz.de/10014342888
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Do larger firms exert more market power? : markups and markdowns along the size distribution
Mertens, Matthias; Mottironi, Bernardo - Leibniz-Institut für Wirtschaftsforschung Halle - 2023 - This version: September 18, 2023
Several models posit a positive cross-sectional correlation between markups and firm size, which characterizes misallocation, factor shares, and gains from trade. Accounting for labor market power in markup estimation, we find instead that larger firms have lower product markups but higher wage...
Persistent link: https://www.econbiz.de/10014342891
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Do larger firms have higher markups?
Mertens, Matthias; Mottironi, Bernardo - Leibniz-Institut für Wirtschaftsforschung Halle - 2023
Several models posit a positive cross-sectional correlation between markups and firm size, which, among others, characterizes misallocation, factor shares, and gains from trade. Yet, taking labor market power into account in markup estimation, we show that larger firms have lower markups. This...
Persistent link: https://www.econbiz.de/10013549237
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Globalization, productivity growth, and labor compensation
Dreger, Christian; Fourné, Marius; Holtemöller, Oliver - Leibniz-Institut für Wirtschaftsforschung Halle - 2023 - This version: December 18, 2023
We analyze how changes in international trade integration affect productivity and the functional income distribution … trade integration increases productivity. Moreover, we show that both trade in intermediate inputs and trade in value added … in value added on the labor share of income. Further, we show that the effects on productivity and labor share are …
Persistent link: https://www.econbiz.de/10014444832
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Skill mismatch and the costs of job displacement
Neffke, Frank; Nedelkoska, Ljubica; Wiederhold, Simon - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This version: January 14, 2024
Establishment closures have lasting negative consequences for the workers they displace from their jobs. We study how these consequences vary with the amount of skill mismatch that workers experience after job displacement. Developing new measures of occupational skill redundancy and skill...
Persistent link: https://www.econbiz.de/10014451370