Author: Marzieh Abolhassani
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Productivity Spillovers of Superior Firms Through Worker Mobility
Author: Marzieh Abolhassani
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Spillovers from Foreign Firms Through Worker Mobility
Author: Holger Görg
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
While there is a large empirical literature on productivity spillovers from multinationals, this literature treats the channels through which these spillover effects work as a black box. The new approach in this paper is to investigate whether spillovers occur via worker mobility. We use data on whether or not the owner of a domestic firm has previous experience in a multinational, and relate this information to firm-level productivity. Our results suggest that firms which are run by owners who worked for multinationals in the same industry immediately prior to opening up their own firm are more productive than other domestic firms.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
While there is a large empirical literature on productivity spillovers from multinationals, this literature treats the channels through which these spillover effects work as a black box. The new approach in this paper is to investigate whether spillovers occur via worker mobility. We use data on whether or not the owner of a domestic firm has previous experience in a multinational, and relate this information to firm-level productivity. Our results suggest that firms which are run by owners who worked for multinationals in the same industry immediately prior to opening up their own firm are more productive than other domestic firms.
Worker Mobility and Productivity Spillovers
Author: Ayanda Hlatshwayo
Publisher:
ISBN: 9789292567507
Category :
Languages : en
Pages :
Book Description
This paper uses matched employer-employee data from South Africa to examine the extent to which technology transfers between firms through the hiring of workers. Allowing for differential spillovers based on observable technology differences between sending and receiving firms, we find strong evidence for positive productivity spillovers through worker mobility. In contrast to previous studies set in more advanced economies, our results suggest that negative spillovers can occur. Firms that hire workers from less productive firms experience a decline in productivity in the following year compared with similar firms that do not hire any workers. This, we suggest, may be explained by the high skills deficit in the South African labour market, and an important mechanism for technology transfers in the future may be driven by investments in firm-level training initiatives.
Publisher:
ISBN: 9789292567507
Category :
Languages : en
Pages :
Book Description
This paper uses matched employer-employee data from South Africa to examine the extent to which technology transfers between firms through the hiring of workers. Allowing for differential spillovers based on observable technology differences between sending and receiving firms, we find strong evidence for positive productivity spillovers through worker mobility. In contrast to previous studies set in more advanced economies, our results suggest that negative spillovers can occur. Firms that hire workers from less productive firms experience a decline in productivity in the following year compared with similar firms that do not hire any workers. This, we suggest, may be explained by the high skills deficit in the South African labour market, and an important mechanism for technology transfers in the future may be driven by investments in firm-level training initiatives.
Productivity Spillovers Through Labor Mobility
Author: Tom-Reiel Heggedal
Publisher:
ISBN:
Category : Incentives in industry
Languages : en
Pages : 47
Book Description
Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an explicit model of spillovers through labor flows in a framework with search frictions. Firms can choose to innovate or to imitate by hiring a worker from a firm that has already innovated. We show that if innovation firms can commit to long-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage contracts, there is too little innovation and too much imitation in equilibrium. Our model is tractable and allows us to analyze welfare effects of various policies in the limited commitment case. We find that subsidizing innovation and taxing imitation improves welfare. Moreover, allowing innovation firms to charge quit fees or rent out workers to imitation firms also improves welfare. By contrast, non-pecuniary measures like covenants not to compete, interpreted as destruction of matches between imitation firms and workers from innovation firms, always reduce welfare.
Publisher:
ISBN:
Category : Incentives in industry
Languages : en
Pages : 47
Book Description
Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an explicit model of spillovers through labor flows in a framework with search frictions. Firms can choose to innovate or to imitate by hiring a worker from a firm that has already innovated. We show that if innovation firms can commit to long-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage contracts, there is too little innovation and too much imitation in equilibrium. Our model is tractable and allows us to analyze welfare effects of various policies in the limited commitment case. We find that subsidizing innovation and taxing imitation improves welfare. Moreover, allowing innovation firms to charge quit fees or rent out workers to imitation firms also improves welfare. By contrast, non-pecuniary measures like covenants not to compete, interpreted as destruction of matches between imitation firms and workers from innovation firms, always reduce welfare.
Money on the Table? Firms' and Workers' Gains from Productivity Spillovers Through Worker Mobility
Author: Andrey Stoyanov
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
Book Description
We estimate how much of the gains from productivity spillovers through worker mobility is retained by the hiring firms, by the workers who bring spillovers, and by the other workers. Using linked employer-employee data from Danish manufacturing for the period 1995-2007, we find that at least two-thirds of the total output gain of 0.11% per year is netted by the firms, while the workers who bring spillovers receive at most 6% of it as the wage premium. The large share retained by the firms implies that spillovers through worker mobility are mostly a positive externality to them.
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
Book Description
We estimate how much of the gains from productivity spillovers through worker mobility is retained by the hiring firms, by the workers who bring spillovers, and by the other workers. Using linked employer-employee data from Danish manufacturing for the period 1995-2007, we find that at least two-thirds of the total output gain of 0.11% per year is netted by the firms, while the workers who bring spillovers receive at most 6% of it as the wage premium. The large share retained by the firms implies that spillovers through worker mobility are mostly a positive externality to them.
Productivity Spillovers Through Labor Mobility in Search Equilibrium
Author: Tom-Reiel Heggedal
Publisher:
ISBN:
Category :
Languages : en
Pages : 60
Book Description
This paper proposes an explicit model of spillovers through labor flows in a framework with search frictions. Firms can choose to innovate or to imitate by hiring a worker from a firm that has already innovated. We show that if innovating firms can commit to long-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage contracts, there is too little innovation and too much imitation in equilibrium. Our model is tractable and allows us to analyze welfare effects of various policies in the limited commitment case. We find that subsidizing innovation and taxing imitation improves welfare. Moreover, allowing innovating firms to charge quit fees or rent out workers to imitating firms also improves welfare. By contrast, non-pecuniary measures like restrictions on mobility, interpreted as reducing matching efficiency between imitating firms and workers from innovating firms, always reduce welfare.
Publisher:
ISBN:
Category :
Languages : en
Pages : 60
Book Description
This paper proposes an explicit model of spillovers through labor flows in a framework with search frictions. Firms can choose to innovate or to imitate by hiring a worker from a firm that has already innovated. We show that if innovating firms can commit to long-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage contracts, there is too little innovation and too much imitation in equilibrium. Our model is tractable and allows us to analyze welfare effects of various policies in the limited commitment case. We find that subsidizing innovation and taxing imitation improves welfare. Moreover, allowing innovating firms to charge quit fees or rent out workers to imitating firms also improves welfare. By contrast, non-pecuniary measures like restrictions on mobility, interpreted as reducing matching efficiency between imitating firms and workers from innovating firms, always reduce welfare.
Productivity Gains from Worker Mobility and Their Distribution Between Workers and Firms
Author: Andrey Stoyanov
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Using data from the universe of Danish manufacturing firms and workers over the period 1995-2007, we estimate output gains linked to productivity spillovers through worker mobility, and calculate the shares in these gains accrued to firms, to the workers who bring spillovers, and to the rest of the workers. Applying our results to the manufacturing sector as a whole, the total output gains average at 0.16% per year, of which 80% is retained by the firms, 15% by the rest of the workers, and only 5% goes to the workers who bring spillovers. We therefore conclude that output gains through worker mobility are largely a positive externality for hiring firms.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Using data from the universe of Danish manufacturing firms and workers over the period 1995-2007, we estimate output gains linked to productivity spillovers through worker mobility, and calculate the shares in these gains accrued to firms, to the workers who bring spillovers, and to the rest of the workers. Applying our results to the manufacturing sector as a whole, the total output gains average at 0.16% per year, of which 80% is retained by the firms, 15% by the rest of the workers, and only 5% goes to the workers who bring spillovers. We therefore conclude that output gains through worker mobility are largely a positive externality for hiring firms.
Productivity Spillovers of Multinational Enterprises Through Worker Mobility
Author: Marzieh Abolhassani
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Foreign Direct Investment and Spillovers Through Workers' Mobility
Author: Massimo Motta
Publisher:
ISBN:
Category : International business enterprises
Languages : en
Pages : 40
Book Description
Publisher:
ISBN:
Category : International business enterprises
Languages : en
Pages : 40
Book Description
Worker Mobility and Productivity Spillovers
Author: Roope Ohlsbom
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Using linked employer-employee data from Finland, we examine the mobility of workers between establishments as a source of productivity-affecting knowledge spillovers. We find evidence that hiring workers from more productive establishments leads to higher productivity in the following year. For an average establishment, this productivity increase amounts to 0.45 percent in our most conservative estimate. The observed productivity gains hold for a variety of specifications, and changes in the receiving establishments' human capital stock are ruled out as an explanation.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Using linked employer-employee data from Finland, we examine the mobility of workers between establishments as a source of productivity-affecting knowledge spillovers. We find evidence that hiring workers from more productive establishments leads to higher productivity in the following year. For an average establishment, this productivity increase amounts to 0.45 percent in our most conservative estimate. The observed productivity gains hold for a variety of specifications, and changes in the receiving establishments' human capital stock are ruled out as an explanation.