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Boldrin, Michele; Levine, David - C.E.P.R. Discussion Papers - 2002

We construct a competitive model of innovation and growth under constant returns to scale. Previous models of growth under constant returns cannot model technological innovation. Current models of endogenous innovation rely on the interplay between increasing returns and monopolistic markets. In...

Persistent link: https://www.econbiz.de/10005661529

Changes in the Functional Structure of Firms and the Demand for Skill

Maurin, Eric; Thesmar, David - C.E.P.R. Discussion Papers - 2003

We describe and analyse the changes in the occupational structure of French manufacturing firms between 1984 and 1995. Firms employ a much greater proportions of engineers and researchers working on the design and marketing of new products and a much lower proportion of high-skilled experts...

Persistent link: https://www.econbiz.de/10005067402

Global Production and Trade in the Knowledge Economy

Keller, Wolfgang; Yeaple, Stephen R - C.E.P.R. Discussion Papers - 2009

This paper presents and tests a new model of multinational firms to explain a rich array of multinational behavior. In contrast to most approaches, here the multinational faces costs to transferring its know-how that are increasing in technological complexity. Costly technology transfer gives...

Persistent link: https://www.econbiz.de/10005124231

The Division of Labour Within Firms

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1998

is shown to arise from informational and technological complementarities among tasks as well as from the exploitation of …

Persistent link: https://www.econbiz.de/10005788938

The Rise of the Machines: Automation, Horizontal Innovation and Income Inequality

Hemous, David; Olsen, Morten - C.E.P.R. Discussion Papers - 2014

We construct an endogenous growth model of directed technical change with automation (the introduction of machines … are low, which induces little automation, such that income inequality and labor's share of GDP are constant. Second, as … low-skill wages increase, investment in automation is stimulated, which depresses the future growth rate of low …

Persistent link: https://www.econbiz.de/10011084688

Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around The World

Edmans, Alex; Li, Lucius; Zhang, Chendi - C.E.P.R. Discussion Papers - 2014

We study the relationship between employee satisfaction and abnormal stock returns around the world, using lists of the “Best Companies to Work For” in 14 countries. We show that employee satisfaction is associated with positive abnormal returns in countries with high labor market...

Persistent link: https://www.econbiz.de/10011083605

The Economics of Prozac (Do Employees Really Gain from Strong Employment Protection?)

Wasmer, Etienne - C.E.P.R. Discussion Papers - 2006

Unlike many other contracts, employment contracts are subject to various external administrative procedures governing separations, ranging from compulsory severance payments and advance notice periods (usually seniority based), to collective layoff procedures (usually depending on the firm's...

Persistent link: https://www.econbiz.de/10005124206

Recessions are bad for workplace safety

Boone, Jan; Ours, Jan C van; Wuellrich, Jean-Philippe; … - C.E.P.R. Discussion Papers - 2011

Workplace accidents are an important economic phenomenon. Yet, the pro-cyclical fluctuations in workplace accidents are not well understood. They could be related to fluctuations in effort and working hours, but workplace accidents may also be affected by reporting behavior. Our paper uses...

Persistent link: https://www.econbiz.de/10009002383

Contracting with Diversely Naive Agents

Eliaz, Kfir; Spiegler, Ran - C.E.P.R. Discussion Papers - 2004

A principal contracts with agents who have diverse abilities to forecast changes in their future tastes. While the principal knows that the agent’s tastes are changing, the agent believes that with probability ?, their future preferences will be identical to their present preferences. The...

Persistent link: https://www.econbiz.de/10005504207

Paintings and Numbers: An Econometric Investigation of Sales Rates, Prices and Returns in Latin American Art Auctions

Barbosa, Renata Leite; Campos, Nauro F - C.E.P.R. Discussion Papers - 2008

This paper uses a unique data set of Latin American paintings auctioned by Sotheby's between 1995 and 2002 to investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the provenance of the artwork, omitted variables in most...

Persistent link: https://www.econbiz.de/10005504297