Showing 1 - 10 of 402
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information.
Persistent link: https://www.econbiz.de/10010264617
time, the model predicts that foreign investors deduct the economic value of learning from wages of inexperienced workers … experience contributes more to local firms' than to MNEs' productivity. In this case, experienced MNE workers are hired by …
Persistent link: https://www.econbiz.de/10013316795
The skill premium has increased significantly in the United States in the last five decades. During the same period, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill premium. Intuitively, a rise in uninsured wage risk...
Persistent link: https://www.econbiz.de/10012824576
funding for R&D - and defense-related R&D in particular - on privately conducted R&D, and its ultimate effect on productivity … privately funded R&D. An analysis of wages and employment suggests that the increase in private R&D expenditure reflects actual … international spillovers, as increases in government-funded R&D in a particular industry and country raise private R&D in the same …
Persistent link: https://www.econbiz.de/10012858206
We adopt a spatial econometric approach to estimate intra- and inter-industry productivity spillovers in total factor … productivity transmitted through input-output relations in a sample of 13 OECD countries and 15 manufacturing industries. Both R …&D spillovers as well as remainder, input-output-related linkage effects are accounted for, the latter of which we model by a …
Persistent link: https://www.econbiz.de/10013316626
We study the impact of techies—engineers and other technically trained workers—on firm-level productivity. We first …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …
Persistent link: https://www.econbiz.de/10014348039
Using a quantitative spatial model as a data-generating process, we explore how spatial frictions affect the measurement of quality of life. We find that under a canonical parameterization, mobility frictions—generated by idiosyncratic tastes and local ties—dominate trade...
Persistent link: https://www.econbiz.de/10015211320
We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...
Persistent link: https://www.econbiz.de/10012425673
(job security, health, subjective job quality, and wages). Worker voice slightly raised firm survival, productivity, and …
Persistent link: https://www.econbiz.de/10012581999
-segment variation of the estimated effects is mostly driven by firm productivity levels rather than by search frictions or the …
Persistent link: https://www.econbiz.de/10011887420