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Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective

Sahin, Afsin; Tansel, Aysit; Berument, Hakan - 2013

This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are … long-run relationships for the aggregate output with non-agricultural employment and sectoral employment levels for seven …

Persistent link: https://www.econbiz.de/10010329177

Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective

Sahin, Afsin; Tansel, Aysit; Berument, Hakan - Institute for the Study of Labor (IZA) - 2013

Persistent link: https://www.econbiz.de/10010884236

Misallocation and Inequality

Guner, Nezih; Ruggieri, Alessandro - 2022

For a large set of countries, we document how the labor earnings inequality varies with GDP per capita. As countries get richer, the mean-to-median ratio and the Gini coefficient decline. Yet, this decline masks divergent patterns: while inequality at the top of the earnings distribution falls,...

Persistent link: https://www.econbiz.de/10013351713

Monopsony Makes Firms Not Only Small but Also Unproductive: Why East Germany Has Not Converged

Bachmann, Rüdiger; Bayer, Christian; Stüber, Heiko; … - 2022

When employers face a trade-off between growing large and paying low wages—that is, when they have monopsony power—some productive employers will decide to acquire fewer customers, forgo sales, and remain small. These decisions have adverse consequences for aggregate labor productivity....

Persistent link: https://www.econbiz.de/10013351832

Technical Change, Task Allocation, and Labor Unions

Marczak, Martyna; Beissinger, Thomas; Brall, Franziska - 2022

, wages of both skill groups, and unemployment. In contrast to the canonical model with a fixed task allocation, low …-skilled workers may be harmed in terms of either lower wages or higher unemployment depending on the relative task …-2017. The simulated effects of SBTC on low-skilled unemployment are largely consistent with observed developments. For example …

Persistent link: https://www.econbiz.de/10013470395

Robots and Workers: Evidence from the Netherlands

Acemoglu, Daron; Koster, Hans R.A.; Ozgen, Ceren - 2023

We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large employer-employee panel dataset spanning 2009-2020. Our firm-level results confirm previous findings, with positive effects on value added and hours worked for robot-adopting firms...

Persistent link: https://www.econbiz.de/10014296741

Labor and the Market Value of the Firm

Merz, Monika; Yashiv, Eran - 2003

What role does labor play in firms? market value? We explore this question using a production-based asset pricing model with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital and that the two interact, with the interaction being...

Persistent link: https://www.econbiz.de/10010261658

Inventories, Employment and Hours

Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002

-equation restrictions. The econometric results shed light on several important topics, including the shape of the marginal cost of output …

Persistent link: https://www.econbiz.de/10010262792

Profit sharing, wage formation and flexible outsourcing under labor market imperfection

Koskela, Erkki; König, Jan - 2010

We combine profit sharing and outsourcing, if the wage for worker is decided by a labor union to analyze how does the implementation of profit sharing affect individual effort and the bargained wage and thus outsourcing? We find that profit sharing and the wage level have an individual...

Persistent link: https://www.econbiz.de/10010269678

Does international outsourcing really lower workers' income?

Koskela, Erkki; König, Jan - 2010

We analyze the impact of international outsourcing on income, if the domestic labor market is imperfect. We distinguish in our analysis between the case where the parties negotiate over the wage only and where they negotiate over both wage and profit share. We find that in the first case...

Persistent link: https://www.econbiz.de/10010271390