Management Practices, Workforce Selection, and Productivity

We study the relationship among productivity, management practices, and employee ability using German data combining management practices surveys with employees’ longitudinal earnings records. Including human capital reduces the association between productivity and management practices by 30%–50%. O...

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Veröffentlicht in:	Journal of labor economics 2018-01, Vol.36 (S1), p.S371-S409
Hauptverfasser:	Bender, Stefan, Bloom, Nicholas, Card, David, Van Reenen, John, Wolter, Stefanie
Format:	Artikel
Sprache:	eng
Schlagworte:	Companies Earnings Human capital Labor economics Premiums Productivity Studies Workers Workforce
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creator	Bender, Stefan Bloom, Nicholas Card, David Van Reenen, John Wolter, Stefanie
description	We study the relationship among productivity, management practices, and employee ability using German data combining management practices surveys with employees’ longitudinal earnings records. Including human capital reduces the association between productivity and management practices by 30%–50%. Only a small fraction is accounted for by the higher human capital of the average employee at better-managed firms. A larger share is attributable to the human capital of the highest-paid workers, that is, the managers. A similar share is mediated through the pay premiums offered by better-managed firms. We find that better-managed firms recruit and retain workers with higher average human capital.
doi_str_mv	10.1086/694107
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Including human capital reduces the association between productivity and management practices by 30%–50%. Only a small fraction is accounted for by the higher human capital of the average employee at better-managed firms. A larger share is attributable to the human capital of the highest-paid workers, that is, the managers. A similar share is mediated through the pay premiums offered by better-managed firms. 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subjects	Companies Earnings Human capital Labor economics Premiums Productivity Studies Workers Workforce
title	Management Practices, Workforce Selection, and Productivity
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