PRODUCTIVITY GROWTH AND WORKER REALLOCATION
Productivity dispersion across firms is large and persistent, and worker reallocation among firms is an important source of productivity growth. An equilibrium model of growth and firm evolution designed to clarify the role of worker reallocation in the growth process is studied. We show that it exp...
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| Veröffentlicht in: | International economic review (Philadelphia) 2005-08, Vol.46 (3), p.731-749 |
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| container_title | International economic review (Philadelphia) |
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| creator | Lentz, Rasmus Mortensen, Dale T. |
| description | Productivity dispersion across firms is large and persistent, and worker reallocation among firms is an important source of productivity growth. An equilibrium model of growth and firm evolution designed to clarify the role of worker reallocation in the growth process is studied. We show that it explains the correlations between size measures and labor productivity found in Danish firm data. Conditions under which the reallocation of workers from less to more productive firms contributes to aggregate productivity growth in the economy modeled are derived. Finally, a proof of existence of an equilibrium solution to the model is also provided. |
| doi_str_mv | 10.1111/j.1468-2354.2005.00344.x |
| format | Article |
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An equilibrium model of growth and firm evolution designed to clarify the role of worker reallocation in the growth process is studied. We show that it explains the correlations between size measures and labor productivity found in Danish firm data. Conditions under which the reallocation of workers from less to more productive firms contributes to aggregate productivity growth in the economy modeled are derived. 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| ispartof | International economic review (Philadelphia), 2005-08, Vol.46 (3), p.731-749 |
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| language | eng |
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| source | Jstor Complete Legacy; Wiley Online Library Journals Frontfile Complete; Business Source Complete |
| subjects | Allocative efficiency Business economics Correlations Denmark Economic equilibrium Economic growth models Economic models Empirical tests Employment Firm theory Human resources Labor productivity Labour productivity Model testing Product innovation Product lines Productivity Productivity growth Profitable firms Studies Value added Workers |
| title | PRODUCTIVITY GROWTH AND WORKER REALLOCATION |
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