Producer Dynamics: New Evidence from Micro Data

The Census Bureau has recently begun releasing official statistics that measure the movements of firms in and out of business and workers in and out of jobs. The economic analyses in "Producer Dynamics" exploit this newly available data to address issues in industrial organization, labor, growth, macroeconomics, and international trade. This innovative volume brings together a group of renowned economists to probe topics such as firm dynamics across countries; patterns of employment dynamics; firm dynamics in nonmanufacturing industries such as retail, health services, and agriculture; employer-employee turnover from matched worker/firm data sets; and turnover in international markets. "Producer Dynamics" will serve as an invaluable reference for economists and policy makers seeking to understand the links between firms and workers, and the sources of economic dynamics, in the age of globalization.

[1]  P. Wright,et al.  The impact of mergers and acquisitions on company employment in the United Kingdom , 2002 .

[2]  H. Rosen,et al.  Entrepreneurial Decisions and Liquidity Constraints , 1993 .

[3]  Marc J. Melitz The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity , 2003 .

[4]  J. Fariñas,et al.  Firm productivity and export markets: a non-parametric approach , 2002 .

[5]  J. Haltiwanger,et al.  Aggregate Productivity Growth: Lessons from Microeconomic Evidence , 1998 .

[6]  Jacques-François Thisse,et al.  Monopolistic competition, multiproduct firms and optimum product diversity , 1999 .

[7]  Chad Syverson,et al.  Market Structure and Productivity: A Concrete Example , 2004, Journal of Political Economy.

[8]  Lars Vilhuber,et al.  Confidentiality Protection in the Census Bureau’s Quarterly Workforce Indicators , 2006 .

[9]  John R. Baldwin,et al.  Plant Turnover and Productivity Growth in Canadian Manufacturing , 2006 .

[10]  David W. Stevens,et al.  Employment that is not covered by state unemployment , 2007 .

[11]  K. Shaw,et al.  Pensions and Wage Premia , 1992 .

[12]  Gene M. Grossman,et al.  Optimal Integration Strategies for the Multinational Firm , 2006 .

[13]  Timothy F. Bresnahan,et al.  Entry and Competition in Concentrated Markets , 1991, Journal of Political Economy.

[14]  Sukkyun Chung,et al.  Productivity and Turnover in the Export Market: Micro-level Evidence from the Republic of Korea and Taiwan (China) , 2000 .

[15]  Emin M. Dinlersoz Firm Organization and the Structure of Retail Markets , 2004 .

[16]  Rasmus Lentz,et al.  Productivity Growth and Worker Reallocation , 2005 .

[17]  Volker Nocke,et al.  Globalization and Endogenous Firm Scope , 2006 .

[18]  P. Geroski What do we know about entry , 1995 .

[19]  Warwick Lightfoot,et al.  The sources of economic growth in OECD countries , 2004 .

[20]  S. Davis,et al.  Measuring Gross Worker and Job Flows , 1995 .

[21]  R. Caves Industrial Organization and New Findings on the Turnover and Mobility of Firms , 1998 .

[22]  C. I. Jones,et al.  Productivity across industries and countries : time series theory and evidence , 1996 .

[23]  Wulong Gu,et al.  Responses to Trade Liberalization: Changes in Product Diversification in Foreign- and Domestic-Controlled Plants , 2005 .

[24]  Mark J. Roberts,et al.  The Extent and Consequences of Job Turnover , 1994 .

[25]  Ronald G. Ehrenberg,et al.  Modern Labor Economics: Theory and Public Policy. , 1984 .

[26]  Wulong Gu,et al.  Participation in Export Markets and Productivity Performance in Canadian Manufacturing , 2003 .

[27]  Ron S. Jarmin,et al.  Producer Dynamics: New Evidence from Micro Data: The Role of Retail Chains: National, Regional and Industry Results , 2005 .

[28]  Michael Gort,et al.  An Economic Disturbance Theory of Mergers , 1969 .

[29]  Volker Nocke,et al.  Firm Turnover in Imperfectly Competitive Markets , 2003 .

[30]  M. C. Jensen Takeovers: Their Causes and Consequences , 1988 .

[31]  John Kenneth Galbraith,et al.  The New Industrial State , 1968 .

[32]  Ron S. Jarmin,et al.  The Longitudinal Business Database , 2002 .

[33]  Mark J. Roberts,et al.  Productivity, Output, and Failure: A Comparison of Taiwanese and Korean Manufacturers , 2002 .

[34]  Eduardo S. Schwartz,et al.  Investment Under Uncertainty. , 1994 .

[35]  Katja Seim,et al.  An empirical model of firm entry with endogenous product-type choices , 2006 .

[36]  R. Hall Job Loss, Job Finding, and Unemployment in the U.S. Economy over the Past Fifty Years , 2005, NBER Macroeconomics Annual.

[37]  J. Sutton Sunk Costs and Market Structure , 1991 .

[38]  Albert N. Link,et al.  Innovation, Entrepreneurship, and Technological Change , 2007 .

[39]  M. C. Jensen,et al.  The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems , 1993, A Theory of the Firm.

[40]  G. Ottaviano,et al.  Market Size, Trade, and Productivity , 2005, World Scientific Studies in International Economics.

[41]  John J. McGowan,et al.  On the Misuse of Accounting Rates of Return to Infer Monopoly Profits , 1983 .

[42]  A. Pakes,et al.  The Dynamics of Productivity in the Telecommunications Equipment Industry , 1992 .

[43]  S. Davis,et al.  Explaining National Differences in the Size and Industry Distribution Employment , 1997 .

[44]  John R. Baldwin,et al.  The Dynamics of Industrial Competition , 1995 .

[45]  Donald Siegel,et al.  Productivity and Changes in Ownership of Manufactoring Plants , 1987 .

[46]  John Bound,et al.  Measurement error in survey data , 2001 .

[47]  J. Haltiwanger,et al.  NBER WORKING PAPER SERIES THE EFFECT OF STRUCTURAL REFORMS ON PRODUCTIVITY AND PROFITABILITY ENHANCING REALLOCATION: EVIDENCE FROM COLOMBIA , 2004 .

[48]  R. Caves,et al.  Diversification, foreign investment, and scale in North American manufacturing industries , 1976 .

[49]  Stephen J. Redding,et al.  Mapping The Two Faces Of R&D: Productivity Growth In A Panel Of OECD Industries , 2000 .

[50]  X. Sala-i-Martin,et al.  Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (Bace) Approach , 2000 .

[51]  Ron S. Jarmin,et al.  Small North American Producers Give Ground in the 1990s , 2004 .

[52]  Hugo Hopenhayn Entry, exit, and firm dynamics in long run equilibrium , 1992 .

[53]  Thomas J. Kane,et al.  Estimating Returns to Schooling When Schooling is Misreported , 1999 .

[54]  J Wagner,et al.  Exports and success in German manufacturing , 1997 .

[55]  J. Lin,et al.  New Structural Economics: A Framework for Rethinking Development , 2010 .

[56]  J. Tybout Plant- and Firm-Level Evidence on "New" Trade Theories , 2001 .

[57]  Gordon H. Hanson,et al.  Vertical Production Networks in Multinational Firms , 2003, Review of Economics and Statistics.

[58]  Chad Syverson,et al.  Product Substitutability and Productivity Dispersion , 2003, Review of Economics and Statistics.

[59]  P. Diamond,et al.  The Beveridge Curve , 1990 .

[60]  Dennis C. Mueller,et al.  A Theory of Conglomerate Mergers , 1969 .

[61]  S. Yeaple A simple model of firm heterogeneity, international trade, and wages , 2005 .

[62]  Boyan Jovanovic Selection and the evolution of industry , 1981 .

[63]  Robert Fildes,et al.  Journal of business and economic statistics 5: Garcia-Ferrer, A. et al., Macroeconomic forecasting using pooled international data, (1987), 53-67 , 1988 .

[64]  G. Nicoletti,et al.  Summary Indicators of Product Market Regulation with an Extension to Employment Protection Legislation , 1999 .

[65]  K. Clark The Job Openings and Labor Turnover Survey: what initial data show , 2004 .

[66]  Globalisation, ICT and the nitty gritty of plant level datasets , 2004 .

[67]  Sanghoon Ahn,et al.  Firm Dynamics and Productivity Growth: A Review of Micro Evidence from OECD Countries , 2001 .

[68]  Simon Burgess,et al.  Job Flows, Worker Flows, and Churning , 2000, Journal of Labor Economics.

[69]  D. Macpherson,et al.  Employer Size and Labor Turnover: The Role of Pensions , 1996 .

[70]  Steven J. Davis,et al.  Gross Job Creation, Gross Job Destruction and Employment Reallocation , 1991 .

[71]  Larry Samuelson,et al.  The Growth and Failure of U. S. Manufacturing Plants , 1989 .

[72]  Elhanan Helpman,et al.  Trade policy and market structure , 1990 .

[73]  Sang V. Nguyen,et al.  On Productivity and Plant Ownership Change: New Evidence from the Longitudinal Research Database , 1995 .

[74]  Richard A. Ippolito Stayers as "Workers" and "Savers": Toward Reconciling the Pension-Quit Literature , 2002 .

[75]  Megan J. MacGarvie Do Firms Learn from International Trade? , 2006, Review of Economics and Statistics.

[76]  Mark J. Roberts,et al.  Patterns of Firm Entry and Exit in U.S. Manufacturing Industries , 1988 .

[77]  J. Harrigan Airplanes and Comparative Advantage , 2005 .

[78]  Douglas W. Allen,et al.  The Nature of the Farm* , 1998, The Journal of Law and Economics.

[79]  Kevin L. McKinney,et al.  Using Worker Flows in the Analysis of the Firm , 2005 .

[80]  Matthew Barnes,et al.  Business Data Linking: An introduction , 2002 .

[81]  Victor Aguirregabiria,et al.  Sequential Estimation of Dynamic Discrete Games , 2007 .

[82]  Chiara Criscuolo,et al.  Global Engagement and the Innovation Activities of Firms , 2005 .

[83]  Jeremy Foltz Entry, Exit, and Farm Size: Assessing an Experiment in Dairy Price Policy , 2004 .

[84]  Scott D. Schuh,et al.  Job Creation and Destruction , 1997 .

[85]  J. Haltiwanger,et al.  A Comparison of Job Creation and Job Destruction in Canada and the United States , 1994, Review of Economics and Statistics.

[86]  Éva Nagypál On the extent of job-to-job transitions , 2006 .

[87]  Jeffrey R. Campbell,et al.  Market Size Matters , 2000 .

[88]  M. Berger,et al.  Bounding Parameter Estimates with Nonclassical Measurement Error , 2000 .

[89]  T. Bresnahan,et al.  Measuring the Importance of Sunk Costs , 1994 .

[90]  Michael J. Mazzeo Product Choice and Oligopoly Market Structure , 2002 .

[91]  John R. Baldwin,et al.  Trade Liberalization: Export-Market Participation, Productivity Growth and Innovation , 2004 .

[92]  Elhanan Helpman,et al.  Managerial Incentives and the International Organization of Production , 2002 .

[93]  Mark J. Roberts,et al.  PRODUCER TURNOVER AND PRODUCTIVITY GROWTH IN DEVELOPING COUNTRIES , 1997 .

[94]  Pol Antras,et al.  Firms, Contracts, and Trade Structure , 2003 .

[95]  D. Commerce Statistical abstract of the United States , 1978 .

[96]  H. Manne,et al.  Mergers and the Market for Corporate Control , 1965, Journal of Political Economy.

[97]  Jacques-François Thisse,et al.  Agglomeration and Trade Revisited , 2002, World Scientific Studies in International Economics.

[98]  Earl V. Anderson,et al.  FREE TRADE AGREEMENT , 1993 .

[99]  Zvi Griliches,et al.  Firm productivity in Israeli industry 1979-1988 , 1995 .

[100]  Vojislav Maksimovic,et al.  The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and are There Efficiency Gains? , 2000 .

[101]  Peter A. Diamond,et al.  The Cyclical Behovior of the Gross Flows of U.S. Workers , 1990 .

[102]  S. Davis,et al.  Gross job flows , 1999 .

[103]  Frederic M. Scherer,et al.  The Economics of Multi-Plant Operation. , 1977 .

[104]  R. Shimer The Cyclical Behavior of Equilibrium Unemployment and Vacancies , 2005 .

[105]  John R. Baldwin,et al.  Growth of Advanced Technology Use in Canadian Manufacturing During the 1990's , 1999 .

[106]  Andrew K. Rose,et al.  Job Switching and Job Satisfaction in the U , 1988 .

[107]  J. Haltiwanger,et al.  Market Selection, Reallocation, and Restructuring in the U.S. Retail Trade Sector in the 1990s , 2006, The Review of Economics and Statistics.

[108]  C. Pissarides,et al.  Looking into the black box: a survey of the matching function , 2001 .

[109]  Mathew L. A. Hayward,et al.  Explaining the Premiums Paid for Large Acquisitions: Evidence of CEO Hubris , 1997 .

[110]  E. Helpman,et al.  Export Versus FDI with Heterogeneous Firms , 2004 .

[111]  Alan L. Gustman,et al.  The Role of Pensions in the Labor Market: A Survey of the Literature , 1994 .

[112]  Bruce C. Fallick,et al.  Employer-to-Employer Flows in the U.S. Labor Market: The Complete Picture of Gross Worker Flows , 2004 .

[113]  Stefano Scarpetta,et al.  Regulation, Productivity and Growth: OECD Evidence , 2003 .

[114]  A. Shleifer,et al.  Hostile Takeovers in the 1980s: The Return to Corporate Specialization , 1990 .

[115]  Richard A. Ippolito Pension Plans and Employee Performance: Evidence, Analysis, and Policy , 1998 .

[116]  Mark Doms,et al.  Understanding Productivity: Lessons from Longitudinal Microdata , 2000 .

[117]  Robert Shimer,et al.  Reassessing the Ins and Outs of Unemployment , 2007 .

[118]  A. Keys,et al.  Scale and specialization in Canadian manufacturing , 1968 .

[119]  Dale T. Mortensen,et al.  Chapter 39 New developments in models of search in the labor market , 1999 .

[120]  Richard Harris,et al.  Applied General Equilibrium Analysis of Small Open Economies with Scale Economies and Imperfect Competition , 1984 .

[121]  K. Clark,et al.  New tools for labor market analysis: JOLTS , 2001 .

[122]  Saul Lach,et al.  Is "Learning-by-Exporting" Important? Micro-Dynamic Evidence from Colombia, Mexico and Morocco , 1996 .

[123]  Jeffrey R. Campbell,et al.  The Link between Aggregate and Micro Productivity Growth: Evidence from Retail Trade , 2002 .

[124]  R. Roll,et al.  The Hubris Hypothesis of Corporate Takeovers , 1986 .

[125]  Steven T. Berry,et al.  Empirical Models of Entry and Market Structure , 2007 .

[126]  G. Norman,et al.  The Economics of Imperfect Competition: A Spatial Approach , 1987 .

[127]  R. Hall Employment Fluctuations with Equilibrium Wage Stickiness , 2005 .

[128]  C. A. Pissarides,et al.  Short-run Equilibrium Dynamics of Unemployment Vacancies, and Real Wages , 1985 .

[129]  D. Mueller,et al.  The Effects of Mergers: An International Comparison , 2001 .

[130]  Daniel F. Spulber,et al.  Dynamic Retail Price and Investment Competition , 1997 .

[131]  David B. Audretsch,et al.  Innovation, growth and survival , 1995 .

[132]  J. Sutton Gibrat's Legacy , 1996 .

[133]  T. Holmes Bar Codes Lead to Frequent Deliveries and Superstores , 1999 .

[134]  C. I. Jones,et al.  Productivity and convergence across U.S. States and industries , 1996 .

[135]  John M. Abowd,et al.  Integrated Longitudinal Employee-Employer Data for the United States , 2004 .

[136]  Mark Doms,et al.  Comparing Wages, Skills, and Productivity between Domestically and Foreign-Owned Manufacturing Establishments in the United States , 1998 .

[137]  李幼升,et al.  Ph , 1989 .

[138]  Peter K. Schott,et al.  Multi-Product Firms and Trade Liberalization , 2006 .

[139]  Peter A. Diamond,et al.  Aggregate Demand Management in Search Equilibrium , 1982, Journal of Political Economy.

[140]  Competition in large markets , 2011 .

[141]  P. Wright,et al.  Do hostile mergers destroy jobs , 2001 .

[142]  R. Caves,et al.  Changes in the Diversification of Canadian Manufacturing Firms and Plants (1973-1997): A Move to Specialization , 2002 .

[143]  Lawrence H. Summers,et al.  A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination, and Keynesian Unemployment , 1986, Journal of Labor Economics.

[144]  Kristin McCue,et al.  Describing the Form 5500-Business Register Match , 2003 .

[145]  David S. Evans,et al.  Some Empirical Aspects of Entrepreneurship , 1989 .

[146]  J. Abowd,et al.  The analysis of labor markets using matched employer-employee data , 1999 .

[147]  Peter K. Schott,et al.  Dynamics ∗ , 2003 .

[148]  Thomas J. Holmes,et al.  A Theory of Entrepreneurship and Its Application to the Study of Business Transfers , 1990, Journal of Political Economy.

[149]  Steven T. Berry Estimation of a Model of Entry in the Airline Industry , 1992 .

[150]  Dale T. Mortensen,et al.  The Matching Process as a Noncooperative Bargaining Game , 1982 .

[151]  Paul B. Ellickson Supermarkets as a Natural Oligopoly , 2011 .

[152]  S. Davis,et al.  Chapter Title: Gross Job Creation and Destruction: Microeconomic Evidence and Macroeconomic Implications Gross Job Creation and Destruction: Microeconomic Evidence and Macroeconomic Implications* , 2022 .

[153]  J. Eaton,et al.  Plants and Productivity in International Trade , 2000 .

[154]  Katharine G. Abraham Help-Wanted Advertising, Job Vacancies, and Unemployment , 1987 .

[155]  Leora F. Klapper,et al.  Entry Regulation as a Barrier to Entrepreneurship , 2004 .