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Can we design statistical models to predict corporate earnings which either perform as well as, or even better than analysts? If we can, then we might consider automating the process, and notably apply it to small and international firms which typically have either sparse or no analyst coverage....
Persistent link: https://www.econbiz.de/10011084355
We consider a setting in which insiders have information about income that outside shareholders do not, but property rights ensure that outside shareholders can enforce a fair payout. To avoid intervention, insiders report income consistent with outsiders' expectations based on publicly...
Persistent link: https://www.econbiz.de/10011083832
Our paper investigates the link between international outsourcing and wages utilizing a large household panel and …-level studies. We find that outsourcing has had a marked impact on wages. Applying two alternative skill classifications we find … to 1.5% while it increased wages for high-skilled workers by up to 2.6%. This result is robust to a number of different …
Persistent link: https://www.econbiz.de/10005497784
financially constrained offer an increasing wage profile: they pay lower wages today in exchange of higher wages once they become … unconstrained and operate at a larger scale. In equilibrium, constrained firms are on average smaller and pay lower wages. In this … way the model generates a positive relation between firm size and wages. Using data from the National Longitudinal Survey …
Persistent link: https://www.econbiz.de/10005497841
layer is very positively (negatively) correlated with value added. We then explore the changes in the wages and number of … expand substantially add layers and pay lower average wages in all pre-existing layers. In contrast, firms that expand little … and do not reorganize pay higher average wages in all pre-existing layers. …
Persistent link: https://www.econbiz.de/10011084412
This paper uses establishment level data from the British Workplace Industrial Relations Survey (WIRS) to examine the effects of new technology on pay. The wage differential associated with new technology is about 5-7% and is (i) robust to corrections for skill, workplace disamenities, and...
Persistent link: https://www.econbiz.de/10005067373
paying higher wages to enjoy non-pecuniary private benefits such as lower effort wage bargaining and improved social …
Persistent link: https://www.econbiz.de/10005067445
The main questions addressed in this paper are: First, how did labour markets in the Visegrad countries react to the breakdown of a command economy and the transformation to a market economy? Second, which way ahead is likely, or to put it differently, what should be done now to improve...
Persistent link: https://www.econbiz.de/10005067622
theory. The sources of the wage growth are: (i) the rise of the return to imported human capital; (ii) the impact of … capital theory, we derive a non-linear model that imposes restrictions across the earning equations of natives and immigrants … following arrival, wages of highly skilled immigrants grow at 8% a year. Rising prices of skills, occupational transitions …
Persistent link: https://www.econbiz.de/10005661791
Under communism, workers had their wages set according to a centrally-determined wage grid. In this paper we use new …
Persistent link: https://www.econbiz.de/10005666520