The productivity-wage premium: Does size still matter in a service economy?
The literature has established two robust stylised facts: (i) the existence of a firm size-wage premium; and (ii) a positive relationship between firm size and productivity. However, the existing evidence is mainly based on manufacturing data only. With manufacturing nowadays accounting for a small...
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| Main Author: | |
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| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2018
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| Series: | OECD Science, Technology and Industry Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | The literature has established two robust stylised facts: (i) the existence of a firm size-wage premium; and (ii) a positive relationship between firm size and productivity. However, the existing evidence is mainly based on manufacturing data only. With manufacturing nowadays accounting for a small share of the economy, whether productivity, size, and wages are closely linked, and how tight this link is across sectors, is still an open question. Using a unique micro-aggregated dataset covering the whole economy in 17 countries over 1994-2012, this paper compares these relationships across sectors. While the size-wage and size-productivity premia are significantly weaker in market services compared to manufacturing, the link between wages and productivity is stronger. The combination of these results suggests that, in a service economy the "size-wage premium" becomes more a "productivity-wage premium". These results have first-order policy implications for both workers and firms |
| Physical Description: | 1 Online-Ressource (33 Seiten) |
| DOI: | 10.1787/04e36c29-en |
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| spelling | Berlingieri, Giuseppe Verfasser aut The productivity-wage premium Does size still matter in a service economy? Giuseppe Berlingieri, Sara Calligaris and Chiara Criscuolo Paris OECD Publishing 2018 1 Online-Ressource (33 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Science, Technology and Industry Working Papers The literature has established two robust stylised facts: (i) the existence of a firm size-wage premium; and (ii) a positive relationship between firm size and productivity. However, the existing evidence is mainly based on manufacturing data only. With manufacturing nowadays accounting for a small share of the economy, whether productivity, size, and wages are closely linked, and how tight this link is across sectors, is still an open question. Using a unique micro-aggregated dataset covering the whole economy in 17 countries over 1994-2012, this paper compares these relationships across sectors. While the size-wage and size-productivity premia are significantly weaker in market services compared to manufacturing, the link between wages and productivity is stronger. The combination of these results suggests that, in a service economy the "size-wage premium" becomes more a "productivity-wage premium". These results have first-order policy implications for both workers and firms Science and Technology Industry and Services Calligaris, Sara ctb Criscuolo, Chiara ctb https://doi.org/10.1787/04e36c29-en Verlag kostenfrei Volltext |
| spellingShingle | Berlingieri, Giuseppe The productivity-wage premium Does size still matter in a service economy? Science and Technology Industry and Services |
| title | The productivity-wage premium Does size still matter in a service economy? |
| title_auth | The productivity-wage premium Does size still matter in a service economy? |
| title_exact_search | The productivity-wage premium Does size still matter in a service economy? |
| title_exact_search_txtP | The productivity-wage premium Does size still matter in a service economy? |
| title_full | The productivity-wage premium Does size still matter in a service economy? Giuseppe Berlingieri, Sara Calligaris and Chiara Criscuolo |
| title_fullStr | The productivity-wage premium Does size still matter in a service economy? Giuseppe Berlingieri, Sara Calligaris and Chiara Criscuolo |
| title_full_unstemmed | The productivity-wage premium Does size still matter in a service economy? Giuseppe Berlingieri, Sara Calligaris and Chiara Criscuolo |
| title_short | The productivity-wage premium |
| title_sort | the productivity wage premium does size still matter in a service economy |
| title_sub | Does size still matter in a service economy? |
| topic | Science and Technology Industry and Services |
| topic_facet | Science and Technology Industry and Services |
| url | https://doi.org/10.1787/04e36c29-en |
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