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The U.S. Establishment-Size Distribution: Secular Changes and Sectoral Decomposition
Samuel E. Henly,Juan M. Sánchez +1 more
TLDR
This paper studied the U.S. establishment-size distribution from 1974 to 2006 and found that the size of the representative establishment is relatively constant, the size distribution has become slightly more evenly distributed and the relative stability of aggregate statistics obscures important movements in the manufacturing and service sectors.Abstract:
This article studies the U.S. establishment-size distribution from 1974–2006. The main findings are: (i) the size of the “representative” establishment is relatively constant; (ii) the size distribution has become slightly more evenly distributed; (iii) the relative stability of aggregate statistics obscures important movements in the manufacturing and service sectors; (iv) both intra- and intersector changes contribute to aggregate changes; and (v) changes in the size distribution of firms are similar to those of establishments. These findings will be useful to calibrate and test models with firms/establishments heterogeneity.read more
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Skill Demands and Mismatch in U.S. Manufacturing
Andrew J. Weaver,Paul Osterman +1 more
TL;DR: This paper conducted a survey of U.S. manufacturing establishments and found that demand for higher-level skills is generally modest, and that three-quarters of manufacturing establishments do not show signs of hiring difficulties.
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Production in the innovation economy
TL;DR: Lawrence and Wellhausen as mentioned in this paper explored the extent to which manufacturing is key to an innovative and vibrant economy and emphasized public policy that encourages colocation through, for example, training programs, supplements to private capital, and interfirm cooperation in industry consortia.
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Code and data files for "Worker Flows and Job Flows: A Quantitative Investigation"
Shigeru Fujita,Makoto Nakajima +1 more
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Do Unions Increase Labor Shares? Evidence from US Industry-Level Data
Andrew T. Young,Hernando Zuleta +1 more
Abstract: We explore the relationship between union density and labor shares using panel data on 35 industries, spanning the entire US economy, for the years 1983 through 2005. For the full sample, a standard deviation increase in union membership rates is associated with an increase in an industry’s labor share of about 10%. Starting from the mean labor share in our sample (0.614) that amounts to about 6 percentage points. However, the effect is weaker and not statistically significant for manufacturing industries. We control for the capital-to-output ratio in all of our estimations and the results are consistent with an elasticity of substitution between capital and labor that is less than unity. As such, the positive union effect on labor share is consistent with either the right-to-manage or efficiency bargaining model of unions.
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Parental Leave Legislation and Women's Work: A Story of Unequal Opportunities
TL;DR: In this article, the authors evaluate disparities in parental leave eligibility, access, and usage across the family income distribution in the United States and describe the links between leave-taking and women's labor market careers.
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Job Creation and Destruction
TL;DR: The most complete plant-level data source currently available, the Longitudinal Research Data constructed by the Census Bureau, is used in this article to study the U.S. manufacturing sector from 1972 to 1988 and develop a statistical portrait of the microeconomic adjustments to the many economic events that affect businesses and workers.
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Gibrat's legacy
TL;DR: In this paper, the authors trace the time series (Growth of Firms) tradition in the study of market structure and look at how recent studies on entry and the size distribution of firms have modified thinking in this area.
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On the Size Distribution of Business Firms
TL;DR: The size distribution of business firms is explained using number and size of firms' constituent components as discussed by the authors, which is a lognormal distribution multiplied by a stretching factor which can lead to a Pareto upper tail.
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Policy distortions and aggregate productivity with heterogeneous establishments
Diego Restuccia,Richard Rogerson +1 more
TL;DR: In this paper, the authors formulate a version of the growth model in which production is carried out by heterogeneous establishments and calibrate it to US data, and argue that differences in the allocation of resources across establishments that differ in productivity may be an important factor in accounting for cross-country differences in output per capita.