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.
Employee satisfaction and firm value: A global perspective
Alex Edmans, 25 July 2014
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
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.
DynEmp: New cross-country evidence on the role of young firms in job creation, growth, and innovation
Chiara Criscuolo, Peter N. Gal, Carlo Menon, 26 May 2014
Since well before the crisis, many OECD economies have been confronted with sluggish productivity growth. In the aftermath of the crisis, job creation has also stalled and has become an important policy issue. Business dynamics are at the core of the creative destruction process.
Firm age, investment opportunities, and job creation
Manuel Adelino, Song Ma, David Robinson, 12 February 2014
Economists have long been concerned with understanding how firms respond to changing investment opportunities. Indeed, this question is central to ongoing policy discussions about economic growth and job creation, since the way firms create jobs is by increasing investment and employment in response to new economic opportunities.
Minimum wages: the effects on employment and labour-force turnover
Pierre Brochu, David A Green, 22 January 2014
On 14 January 2014 a group of 75 economists, including seven Nobel laureates, released a letter calling for an increase in the US minimum wage (Woellert 2014). At the same time, George Osborne, the Conservative Chancellor of the Exchequer in the UK, has called for the minimum wage in that country to rise by more than the rate of inflation this year (BBC 2014).
Jobs: The next piece of Africa’s growth jigsaw
David Fine, Susan Lund, 4 December 2012
Africa’s recent economic performance has been impressive. With average annual growth of 5.1% over the past ten years, the continent is the second fastest-growing region in the world (IMF 2012). The share of people in extreme poverty is falling.
Confronting the jobs crisis under tight fiscal constraints
Benedict Clements, Ruud de Mooij, Gerd Schwartz, 9 September 2012
The economic and social consequences of job losses since the onset of the global crisis have been enormous, as Ben Bernanke recently pointed out (Bernanke 2012). Unemployment rates have soared to an average of 11% in the Eurozone in mid-2012, and youth unemployment has reached alarming levels in many places, exceeding 50% in Greece and Spain.
Vocational education facilitates entry into the labour market but hurts employment at older ages
Eric Hanushek, Ludger Woessmann, Lei Zhang, 21 November 2011
Responding in part to the economic downturn, the European Commission (2010) recently issued the Bruges Communiqué that called for enhanced vocational education and training (VET). It argued: “If Europe is to maintain its position as the strongest exporter of industrial products in the world, it must have world class VET.
Is short-time work a good method to keep unemployment down?
Pierre Cahuc, Stéphane Carcillo, 24 January 2011
Vox users can download CEPR Discussion Paper 8214 for free here.
The macroeconomic effects of the new Fiat labour contract
Paolo Manasse, 18 January 2011
On 15 January, workers at the historic “Mirafiori” plant in Turin voted to approve a new labour contract that had been signed by Fiat and by various trade unions but rejected by the powerful, leftist union of metal workers.
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