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The Anatomy of Employee Involvement and its Effects on Firms and Workers 员工敬业度的剖析及其对企业和员工的影响
Labor eJournal Pub Date : 2000-12-01 DOI: 10.3386/W8050
R. Freeman, M. Kleiner, Cheri Ostroff
{"title":"The Anatomy of Employee Involvement and its Effects on Firms and Workers","authors":"R. Freeman, M. Kleiner, Cheri Ostroff","doi":"10.3386/W8050","DOIUrl":"https://doi.org/10.3386/W8050","url":null,"abstract":"A great many American firms have organized workplace decision-making in new ways to get employees more involved in their jobs -- using policies like self-directed work teams, total equality management, quality circles, profit-sharing, and diverse other programs. This paper uses a firm-based data set and employee-based information to illuminate several aspects about the locus and economic impacts of employee involvement (EI). Having information from employees as well as from firms allows us to ask not only what EI does for firms, the principal question in the literature on the subject, but also what EI does for workers; and to examine EI from the bottom up' perspective of participants rather than managers. We find that EI practices are linked in an hierarchical structure that provides a natural scaling of EI activities and the intensity of the EI effort. Firms that have EI are also more likely to have profit-sharing and other forms of shared compensation. However, EI has a weak and poorly specified effect on output per worker, but it has a strong and positive impact on employee well-being.","PeriodicalId":114523,"journal":{"name":"Labor eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2000-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131963164","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 104
Technological Change, the Labor Market and the Stock Market 技术变革、劳动力市场和股票市场
Labor eJournal Pub Date : 2000-11-01 DOI: 10.3386/W8022
R. Manuelli
{"title":"Technological Change, the Labor Market and the Stock Market","authors":"R. Manuelli","doi":"10.3386/W8022","DOIUrl":"https://doi.org/10.3386/W8022","url":null,"abstract":"This paper presents a model in which a partially anticipated technological shock results, in the short-run, in lower investment and higher unemployment. Because of the expectation of future lower profits, the market value of existing firms --and the wages they pay-- decrease before the technology becomes available. When the new technology arrives, the market value of new firms rises, investment and average wages increase, but endogenous gradual adoption results in temporary wage dispersion among identical workers. The model shows that the factors that affect the rate of adoption of a new technology also influence the cross sectional dispersion of labor earnings among identical workers, and firms' market values. The predictions of the model seem to be broadly consistent with the U.S. experience of the last thirty years.","PeriodicalId":114523,"journal":{"name":"Labor eJournal","volume":"110 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2000-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132353020","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 32
Sexual Bias and Household Consumption: A Semiparametric Analysis of Engel Curves in Rural China 性别偏见与家庭消费:中国农村恩格尔曲线的半参数分析
Labor eJournal Pub Date : 2000-11-01 DOI: 10.2139/ssrn.252018
X. Gong, A. van Soest, Ping Zhang
{"title":"Sexual Bias and Household Consumption: A Semiparametric Analysis of Engel Curves in Rural China","authors":"X. Gong, A. van Soest, Ping Zhang","doi":"10.2139/ssrn.252018","DOIUrl":"https://doi.org/10.2139/ssrn.252018","url":null,"abstract":"We analyze Engel curves for nuclear households in rural China. The sample includes more than 5000 nuclear families covering nineteen out of thirty Chinese provinces. We consider expenditures on food, also subdivided into several food subcategories such as cereals, or meat and fish, and other consumption categories such as alcohol and tobacco, medical, and educational goods. We use the semiparametric partially linear model. This allows for any functional form relationship between the budget shares and total expenditures, but assumes that the demographic variables enter the model in a linear way. We correct for potential endogeneity of total expenditures. Our results suggest that there are economies of scale in families' consumption expenditure patterns. We find some differences in consumption patterns which relate to differences in gender of children, which can be seen as evidence of sexual bias related to a commonly believed existing preference for boys.","PeriodicalId":114523,"journal":{"name":"Labor eJournal","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2000-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133876875","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 18
Simple Estimators for Treatment Parameters in a Latent Variable Framework with an Application to Estimating the Returns to Schooling 潜在变量框架下处理参数的简单估计及其在学校教育收益估计中的应用
Labor eJournal Pub Date : 2000-10-01 DOI: 10.3386/W7950
J. Heckman, J. Tobias, E. Vytlacil
{"title":"Simple Estimators for Treatment Parameters in a Latent Variable Framework with an Application to Estimating the Returns to Schooling","authors":"J. Heckman, J. Tobias, E. Vytlacil","doi":"10.3386/W7950","DOIUrl":"https://doi.org/10.3386/W7950","url":null,"abstract":"This paper derives simply computed closed-form expressions for the Average Treatment Effect (ATE), the effect of Treatment on the Treated (TT), Local Average Treatment Effect (LATE) and Marginal Treatment Effect (MTE) in a latent variable framework for both normal and non-normal models. The techniques presented in the paper are applied to estimating a variety of treatment parameters capturing the returns to a college education for various populations using data from the National Longitudinal Survey of Youth (NLSY).","PeriodicalId":114523,"journal":{"name":"Labor eJournal","volume":"123 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2000-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123139681","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 83
Have 401(K)S Raised Household Saving? Evidence from the Health and Retirement Study 401(K)S提高了家庭储蓄吗?来自健康和退休研究的证据
Labor eJournal Pub Date : 2000-09-29 DOI: 10.2139/ssrn.285174
Gary V. Engelhardt
{"title":"Have 401(K)S Raised Household Saving? Evidence from the Health and Retirement Study","authors":"Gary V. Engelhardt","doi":"10.2139/ssrn.285174","DOIUrl":"https://doi.org/10.2139/ssrn.285174","url":null,"abstract":"401(k)-type pension arrangements are the most popular tax subsidy to household saving in the U.S. This study uses self- and firm-reported pension information, Social Security, and household wealth data from 1992 Health and Retirement Study (HRS) to examine the extent to which 401(k) pension plans have raised household saving. Comparison of self- and firm-reported pension information indicates significant measurement error in self-reported 401(k) eligibility. This error has biased the estimated 401(k) saving effects in all previous studies upward significantly and differentially by income category. There is evidence of significant measurement error in pension assets as well. Overall, the estimates that account for both types of measurement error suggest that 401(k)s have not raised household saving. All of the estimates are significantly lower than those implied by previous studies that have found large effects. The most plausible explanation for the large estimated offset to household saving is firm-level substitution of 401(k)s for other pensions. Even though very little of the average dollar of 401(k) wealth appears to be new household saving, 401(k)s may have stimulated saving significantly for lower-to-middle income households and, hence, increased retirement income security for an important segment of the population.","PeriodicalId":114523,"journal":{"name":"Labor eJournal","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2000-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115376005","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 35
International Data on Educational Attainment Updates and Implications 国际教育成就数据更新及其影响
Labor eJournal Pub Date : 2000-09-01 DOI: 10.1093/OEP/53.3.541
R. Barro, Jong‐Wha Lee
{"title":"International Data on Educational Attainment Updates and Implications","authors":"R. Barro, Jong‐Wha Lee","doi":"10.1093/OEP/53.3.541","DOIUrl":"https://doi.org/10.1093/OEP/53.3.541","url":null,"abstract":"This paper presents a data set that improves the measurement of educational attainment for a broad group of countries. We extend our previous estimates of educational attainment for the population over age 15 and over age 25 up to 1995 and provide projections for 2000. We discuss the estimation method for the measures of educational attainment and relate our estimates to alternative international measures of human capital stocks.","PeriodicalId":114523,"journal":{"name":"Labor eJournal","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2000-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123162550","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4293
Ability Tracking, School Competition, and the Distribution of Educational Benefits 能力追踪、学校竞争与教育利益分配
Labor eJournal Pub Date : 2000-08-01 DOI: 10.1016/S0047-2727(00)00175-4
D. Epple, Elizabeth Newlon, R. Romano
{"title":"Ability Tracking, School Competition, and the Distribution of Educational Benefits","authors":"D. Epple, Elizabeth Newlon, R. Romano","doi":"10.1016/S0047-2727(00)00175-4","DOIUrl":"https://doi.org/10.1016/S0047-2727(00)00175-4","url":null,"abstract":"","PeriodicalId":114523,"journal":{"name":"Labor eJournal","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2000-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128326835","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 206
Market Responses to Interindustry Wage Differentials 市场对行业间工资差异的反应
Labor eJournal Pub Date : 2000-07-01 DOI: 10.3386/W7799
G. Borjas, V. Ramey
{"title":"Market Responses to Interindustry Wage Differentials","authors":"G. Borjas, V. Ramey","doi":"10.3386/W7799","DOIUrl":"https://doi.org/10.3386/W7799","url":null,"abstract":"This paper examines the link between interindustry wage differentials and subsequent growth of industry variables such as employment, GDP and labor productivity. We find that industries that paid higher than average wages in 1959 experienced significantly lower employment growth and GDP growth in the subsequent 30 to 40 years, while at the same time experiencing higher-than-average growth in the capital-labor ratio and in labor productivity. We argue that the evidence is best explained by a non-competitive model of the interindustry wage structure, as both firms and the market respond to the wage rigidity implied by the long-run persistence of the interindustry wage structure.","PeriodicalId":114523,"journal":{"name":"Labor eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2000-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125506998","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 19
The Performance Consequences of CEO Turnover CEO离职对绩效的影响
Labor eJournal Pub Date : 2000-03-15 DOI: 10.2139/ssrn.219129
R. Khurana, N. Nohria
{"title":"The Performance Consequences of CEO Turnover","authors":"R. Khurana, N. Nohria","doi":"10.2139/ssrn.219129","DOIUrl":"https://doi.org/10.2139/ssrn.219129","url":null,"abstract":"Previous research on executive turnover treats the departures of predecessors and the origin of successors as independent events. This approach has led to mixed empirical findings with respect to measuring the effects of executive turnover on firm performance. Using a longitudinal data set, we show that the conditions under which the predecessor departs (forced versus natural turnover) and the origin of the successor (insider versus outsider) are theoretically coupled phenomena with distinct combinations leading to differences in subsequent performance.","PeriodicalId":114523,"journal":{"name":"Labor eJournal","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2000-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114540436","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 66
Output-Based Pay: Incentives or Sorting? 基于产出的薪酬:激励还是分类?
Labor eJournal Pub Date : 1999-11-01 DOI: 10.3386/W7419
E. Lazear
{"title":"Output-Based Pay: Incentives or Sorting?","authors":"E. Lazear","doi":"10.3386/W7419","DOIUrl":"https://doi.org/10.3386/W7419","url":null,"abstract":"Variable pay, defined as pay that is tied to some measure of a firm's output, has become more important for executives of the typical American firm. Variable pay is usually touted as a way to provide incentives to managers whose interests may not be perfectly aligned with those of owners. The incentive justification for variable pay has well-known theoretical problems and also appears to be inconsistent with much of the data. Alternative explanations are considered. One that has not received much attention, but that is consistent with may of the facts, is selection. Managers and industry specialists may have information about a firm's prospects that is unavailable to outside investors. In order to induce managers to be truthful about prospects, owners may require managers to 'put their money where their mouths are,' forcing them to extract some of their compensation in the form of variable pay. The selection or sorting explanation is consistent with the low elasticities of pay to output that are commonly observed, with the fact that the elasticity is higher in small and new firms, and with the fact that variable pay is more prevalent in industries with very technical production technologies. It does not explain why some firms give stock options even to very low-level workers.","PeriodicalId":114523,"journal":{"name":"Labor eJournal","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1999-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115850247","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 89
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