Employee satisfaction and firm value: A global perspective

Alex Edmans, 25 July 2014



Is employee satisfaction good or bad for firm value? While it may seem natural that companies should do better if their workers are happier, this relationship is far from obvious. The 20th-century way of managing workers (e.g.

Topics: Labour markets, Microeconomic regulation, Productivity and Innovation
Tags: employee satisfaction, employment, employment protection, happiness, Labour Markets, labour-market flexibility, labour-market regulation, Management, productivity, profits, Stock returns, work, worker satisfaction

Agglomeration and product innovation in China

Hongyong Zhang, 21 July 2014



Spatial agglomeration of economic activities is generally assumed to improve productivity and spur firms’ innovation through localisation economies and urbanisation economies.1 There is an extensive empirical literature investigating the effects of localisation and urbanisation on firm-level productivity.

Topics: Productivity and Innovation
Tags: agglomeration, China, clusters, innovation, productivity, R&D, spatial concentration, subsidies

Protection of intellectual property to foster innovations in the service sector

Masayuki Morikawa, 20 July 2014



Given the declining labour force due to population ageing, accelerating the productivity growth of industries – especially the service industries – is an important element of the growth strategy in Japan and most advanced countries. While there are a variety of factors affecting productivity, innovation is one of the key determinants of productivity growth.

Topics: Productivity and Innovation
Tags: growth, innovation, intellectual property, Japan, patents, productivity, R&D, services, trade secrets

Sourcing foreign inputs to improve firm performance

Maria Bas, Vanessa Strauss-Kahn, 14 July 2014



Should trade policy fight or promote imports of intermediate inputs? While several studies have shown the recent increase in imports of intermediate goods, their role in shaping domestic economies is not yet completely understood. Following the work of Feenstra and Hanson (1996), a large literature focuses on the impact of imported intermediate inputs on employment and inequality.

Topics: International trade
Tags: employment, exports, global value chains, imports, Inequality, Intermediate inputs, outsourcing, productivity, trade, wages

Connecting Brazil to the world

Patricia Ellen, Jaana Remes, 12 July 2014



Despite a decade of rapid growth and falling poverty rates, Brazil has failed to match the global average for income growth – let alone to achieve the kind of impressive gains posted by other rapidly transforming emerging economies.

Topics: Development, International trade, Productivity and Innovation
Tags: Brazil, development, global value chains, globalisation, growth, MERCOSUR, openness, productivity, trade

Globalisation, job security, and wages

Kerem Cosar, Nezih Guner, James R Tybout, 7 July 2014



How does increased openness to international trade affect workers’ wages and job security? This question is central to the public debate concerning the effects of globalisation, but convincing quantitative answers have been difficult to come by. One fundamental reason is that major trade liberalisation episodes have often coincided with labour reforms (Heckman and Pages 2004).

Topics: International trade, Labour markets
Tags: Colombia, exports, globalisation, Inequality, job security, labour market reforms, productivity, trade liberalisation, unemployment, wages

Are large headquarters unproductive?

Masayuki Morikawa, 19 June 2014



The role of headquarters

Headquarters – the core service sector inside companies – conduct a wide range of highly strategic activities, including:

Topics: Productivity and Innovation
Tags: centralisation, headquarters, ICT, Japan, Management, productivity, technology

Eurozone external adjustment and real exchange rate movements: The role of firm productivity distribution

Filippo di Mauro, Francesco Pappadà, 2 June 2014



A corollary of the Eurozone crisis has been an unusually large current-account surplus for the Eurozone as a whole, resulting from a combination of strong external demand and rapid readjustment of external accounts in the Eurozone countries that had previously accumulated large imbalances.

Topics: Europe's nations and regions, Exchange rates
Tags: eurozone, exchange rates, exports, imbalances, productivity, rebalancing

How highly educated immigrants raise native wages

Giovanni Peri, Kevin Shih, Chad Sparber, 29 May 2014



Immigration to the US has risen tremendously in recent decades. Though media attention and popular discourse often focus on illegal immigrants or the high foreign-born presence among less-educated workers, the data show that immigrants are drawn from both ends of the education spectrum.

Topics: Labour markets, Migration, Productivity and Innovation
Tags: complementarities, growth, immigration, innovation, productivity, STEM, US, wages

Untangling trade and technology: Evidence from US labour markets

David Autor interviewed by Viv Davies, 2 May 2014

David Autor talks to Viv Davies about his recent research that analyses the differential effects of trade and technology on employment patterns in US local labour markets between 1990 and 2007. While the effect of trade competition is growing over time, the effect of technology has shifted from automation of production activities in the manufacturing sector towards computerisation of information-processing tasks in the service sector. The interview was recorded in April 2014 at the annual conference of the Royal Economic Society.


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See Also

David H. Autor, David Dorn, Gordon H. Hanson, Untangling Trade and Technology: Evidence from Local Labor Markets, MIT Working Paper, March 2013





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Topics: Productivity and Innovation
Tags: Labour Markets, productivity, relative wages, trade flows

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