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http://hdl.handle.net/10419/55094
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| Title: | | Distortions, endogenous managerial skills and productivity differences  |
| Authors: | | Bhattacharya, Dhritiman Guner, Nezih Ventura, Gustavo |
| Issue Date: | | 2011 |
| Series/Report no.: | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5963 |
| Abstract: | | We develop a span-of-control model where managerial skills are endogenous and the outcome of investments over the life cycle of managers. We calibrate this model to U.S plant-size data to quantify the effects of distortions that are correlated with the size of production units. These distortions lead to sharp reductions in plant productivity and the fraction of employment in large plants, with a quantitatively important role for managerial investments. We find that the model can account quite well for properties of Japanese size-distribution data, with a model-implied TFP of about 83% of the U.S. Distortions are critical in accounting for the differences in size distribution between the U.S. and Japan. |
| Subjects: | | distortions size skill investments productivity differences |
| JEL: | | O40 E23 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-201110053372 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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