Firm-specific input and labor shares
Firm-Specific Labor and Firm-Specific Capital: Implications for the Euro-Data New Phillips Curve
... firm-specific labor in a simple model with fixed capital yields a very reasonable estimate of the probability of not reoptimizing ...firm-specific labor results in a higher degree of nominal ...with labor ...
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Firm-Wide Versus Establishment-Specific Labor-Market Practices
... Establishment information in the NCS includes establishment employment, location, industry, and employer identification number (EIN). These data elements come from the sampling frame and are verified by field economists. ...
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Labor Market Institutions, Firm-specific Skills, and Trade Patterns
... Keywords: Labor market institutions, heterogeneous …rms, margins of trade, trade pat- terns, …rm-speci…c skills JEL Classi…cation: F10, F12, F14, F16, L22, J24 I am grateful to Pol Antràs, Olivier Blanchard, and ...
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Declining Labor and Capital Shares
... To begin, the effect of including an additional form of capital unambiguously increases capital costs. Since the required rate of return on this additional capital is positive (or at least non-negative), the user of this ...
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Institutions, Bargaining Power and Labor Shares
... The way institutions are introduced and justified in our paper is clearly rudimentary and should be elaborated upon. For example, in the current framework institutions were designed to resolve inefficiencies stemming ...
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From the Great Inflation to the Great Moderation: Assessing the Roles of Firm-Specific Labor, Sticky Prices and Labor Supply Shocks
... Calvo-style models of price reoptimization account for the statistical behavior of postwar U.S. inflation, but only with estimates of the frequency of price reoptimization that are implausibly low. To resolve the ...
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Openness and Factor Shares: Is Globalization Always Bad for Labor?
... factor shares before the reform is ...the firm outcomes over these years, we are left with a sample of firms that survive over the 8 ...Relative labor share increases in response to more liberalized ...
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Firm-specific capital and welfare
... Regardless of whether FS or RM is used the implied optimized rule prescribes to adjust the nominal interest rate in response to changes in both wage in‡ation and price in‡ation. That seems intuitive: both kinds of ...
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Firm entry and labor market dynamics
... and labor markets are characterized by search and matching ...labor’s shares: Profit’s share leads the cycle and is procyclical and more volatile than ...both shares and the higher volatility of the ...
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Firm characteristics, labor sorting, and wages
... establishments’ labor composition and wage effects, taking care of individuals’ observable characteristics and extending the evidence in several ...the firm size ...competitive labor markets. It has ...
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Firm characteristics, labor sorting, and wages
... for the potential bargaining power of workers and unions and for the effect of internal labor markets, which have been argued to be more significant in large establishments. In the last subsection of Section 5 we ...
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Enforcement of labor regulation and firm size
... the labor costs associated with labor regulations more heavily may want to locate in areas where enforcement is ...several firm and city characteristics. At the firm level, we control for age ...
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Longevity and Lifetime Labor Input: Data and Implications
... the labor market starts, on average, at age 20 we focus on mortality rates, conditional on surviving to age 5 and to age ...some specific age, conditional on surviving to a younger ...
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Dual-class shares, external financing needs, and firm performance
... Dual-class shares are not suitable for firms with low long-term growth, for which internally generated funds exceed opportunities to invest them ...and firm specific ...
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Organizing global supply chains: input costs shares and vertical integration
... and so on. In this way we semi-parametrically capture the skewed distribution of the requirements and make the instrument more robust to measurement error. 29 We argued above that our self-constructed IO table solves the ...
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Equilibrium Labor Turnover, Firm Growth, and Unemployment
... EQUILIBRIUM LABOR TURNOVER, FIRM GROWTH, AND UNEMPLOYMENT B Y M ELVYN ...frictional labor market with costly hiring by firms, where large firms employ many workers and face both aggre- gate and ...
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Enforcement of regulation, informal labor and firm performance
... of labor market regulation on economic ...the labor regulation to identify the effects of more restrictive labor regula- tion on aggregate outcomes ...stringent labor marker regulation hampers ...
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Efficient Firm Dynamics in a Frictional Labor Market
... actual labor market ...the firm–level production functions retain decreasing returns in all variable ...are specific to the type of worker that the firm searches ...
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Efficient Firm Dynamics in a Frictional Labor Market
... multi–worker firm setting if one assumes that excess applicants for one position cannot fill another position at the same ...(therefore labor input is modeled ...
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Does Labor Diversity Affect Firm Productivity?
... strategy to deal with the potential endogeneity related to the degree of labor diversity characterizing a given firm. Specifically, we instrument the firm la- bor diversity by using the workforce diversity calculated ...
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