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harmonized firm-level dataset. It shows that industry and firm size effects (and especially firm size) account for a large …
Persistent link: https://www.econbiz.de/10010521324
the U.S. is accounted for by industry effects. These industry effects stem from rising inter-industry earnings … differentials and not from changing distribution of employment across industries. We also find the rising inter-industry earnings … components of the recent literature: one focuses on firm effects and the other on occupation effects. The link via industry …
Persistent link: https://www.econbiz.de/10012479310
There is growing consensus that a key difference between the U.S. and developing economies is that the latter exhibit slower employment growth over the life cycle of the average business. At the same time, the rapid post entry growth in the U.S. is driven by an "up or out dynamic". We track...
Persistent link: https://www.econbiz.de/10012479504
This paper studies capital adjustment at the establishment level. Our goal is to characterize capital adjustment costs, which are important for understanding both the dynamics of aggregate investment and the impact of various policies on capital accu- mulation. Our estimation strategy searches...
Persistent link: https://www.econbiz.de/10012462977
We use plant output and input prices to decompose the profit margin into four parts: productivity, demand shocks, mark-ups and input costs. We find that each of these market fundamentals are important in explaining plant exit. We then use variation across sectors in tariff changes after the...
Persistent link: https://www.econbiz.de/10012463713