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The Persistence of Differences in Productivity, Wages, Skill Mixes and Profits Between Firms in a Rapidly Changing Environment Author info | Abstract | Publisher info | Download info | Related research | Statistics Katsuya Takii (Osaka School of International Public Policy (OSIPP))
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In this paper, we construct a dynamic assignment model that can provide a unified explanation of persistent differences in productivity, wages, skill mixes and profits between firms in a changing and uncertain environment. Large expected organization capital (firm-specific knowledge) attracts skilled workers, who help to accumulate organization capital. Accumulated large organization capital, in turn, confirms high expectations. This positive feedback brings about persistent differences in these variables in an uncertain environment. We estimate parameters and simulate the model. Our results show that a positive assignment mechanism accounts for a large part of the observed persistence; the difficulty of estimating organization capital plays only an auxiliary role.
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Paper provided by Osaka School of International Public Policy, Osaka University in its series OSIPP Discussion Paper with number
08E003.
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Length: 50 pages
Date of creation: Feb 2008Date of revision:
Handle: RePEc:osp:wpaper:08e003Contact details of provider: Postal: 1-31, Machikaneyama, Toyonaka, Osaka, 560-0043 Phone: +81-6-6850-6111 Web page: http://www.osipp.osaka-u.ac.jp/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Akiko Murashita).
Keywords: Organization Capital Assignment Persistence Find related papers by JEL classification: J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
This paper has been announced in the following NEP Reports :
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