Search

Skip to main content Accessibility help

Home
Search

Only show content I have access to (0)

Chapters (1)

Last 3 years (1)

From year:

To year:

Apply

Economics (1)

labour misallocation

Cambridge University Press (1)

View selected items
Save to my bookmarks
Export citations
Download PDF (zip)
Save to Kindle
Save to Dropbox
Save to Google Drive
Save content to
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to .

To save content items to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Please be advised that item(s) you selected are not available.
You are about to save
Your Kindle email address

Please provide your Kindle email.

@free.kindle.com @kindle.com (service fees apply)

By using this service, you agree that you will only keep content for personal use, and will not openly distribute them via Dropbox, Google Drive or other file sharing services

1 results

7 - Productivity and the Labour Market
Carlo Altomonte, Università Commerciale Luigi Bocconi, Milan, Filippo di Mauro
Book:

The Economics of Firm Productivity

Published online:

14 April 2022

Print publication:

21 April 2022, pp 106-129
- Chapter
- - Get access
    
    Check if you have access via personal or institutional login
    
    Log in Register
- Export citation
Summary

We have focused on labour allocation as another factor that helps explain aggregate economic growth through its effects on productivity. The effect of labour misallocation is potentially large in all countries for which we have data. Any policy fostering reallocation of workers needs jobs to churn in the first place. Only if workers lose jobs in unproductive firms can they find alternative occupation in more productive firms. Policies promoting labour reallocation should be accompanied by active labour market policies to reduce the displacement costs of workers, or specific policies aimed at reducing potential wage disparity. Increasing the minimum wage is thus a policy which could have positive reallocation effects for the economy. But if small firms are forced out of business as a result, the same policy might also reduce competition and lead to less choice for consumers.