Showing 1 - 10 of 235
Union membership displayed an inverted U-shaped pattern over the 20th century, while the distribution of income sketched a U. A model of unions is developed to analyze these phenomena. There is a distribution of firms in the economy. Firms hire capital, plus skilled and unskilled labor....
Persistent link: https://www.econbiz.de/10010553469
We develop a new rationale for IPO waves based on product market considerations. Two firms, with differing productivity levels, compete in an industry with a significant probability of a positive productivity shock. Going public, though costly, not only allows a firm to raise external capital...
Persistent link: https://www.econbiz.de/10010859497
This paper examines the evolution of productivity in U.S. manufacturing plants from 1963 to 1992. We define a “vintage effect” as the change in productivity of recent cohorts of new plants relative to earlier cohorts of new plants, and a “survival effect” as the change in productivity of...
Persistent link: https://www.econbiz.de/10005014669
This paper investigates whether a popular IO technology assumption, the commodity technology model, is appropriate for … plants from the Census Longitudinal Research Database. Extant empirical research has suggested the rejection of this model … explored here suggest that much of the rejection of the commodity technology model from aggregative data was spurious …
Persistent link: https://www.econbiz.de/10005014671
The information systems (IS) "productivity paradox" is based on those studies that found little or no positive relationship between firm productivity and spending on IS. However, some earlier studies and one more recent study have found a positive relationship. Given the large amounts spent by...
Persistent link: https://www.econbiz.de/10005014672
capital. Studies of high technology industries and recent labor studies agree in assigning a large role to science and … technology in the growth of human and physical capital, although direct tests of these relationships have not been carried out … tends to be in favor of the human and physical capital used intensively by high technology industries. This is the source of …
Persistent link: https://www.econbiz.de/10005014673
Part of the uniqueness of the immigrant Asian business community in the U.S. lies in the fact that many among the highly educated pursue self-employment in small-scale, low-yielding retail and personal service fields. This study analyzes owner departure for a nationwide sample of small...
Persistent link: https://www.econbiz.de/10005014674
In recent years a growing number of countries have constructed data series on job creation and job destruction using establishment-level data sets. This paper provides a description and detailed comparison of these new data series for the United States and Canada. First, the Canadian and United...
Persistent link: https://www.econbiz.de/10005014678
previous research claim that these transplants are more productive than incumbent plants and that they produce with a … heterogeneity in technology and productivity. We treat both types of heterogeneity as intrinsically unobservable. In the model …, plants choose technology before production starts. They condition subsequent input decisions on this choice. Maximum …
Persistent link: https://www.econbiz.de/10005014679
Recent theories of economic growth have stressed the role of externalities in generating growth. Using data from the Census Bureau that tracks all employers in the whole U.S. private sector economy, we examine the impact of these externalities, as measured by entrepreneurial activity, on...
Persistent link: https://www.econbiz.de/10005014680