(Monday, 22nd May 2017)
Title : The Firm as a long-term lab
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Persistent poductivity differences (PPD) exist between firms that operate in similar environments and with similar technologies. A fast growing literature is trying to explain these PPD with many different and complementary methods: by matching survey results to productivity data, by exploring the internal economis of firms, and by running randomized controlled experiments. I will provide an overview of these different approaches, and provide some ideas about how to work together with firms in order to better understand why some firms are more efficient than others. I put specific emphasis on the benefits of having both long-run information before and after experimentation.
Bibliographical references :
Human Resource Management and Productivity, Nicholas Bloom and John Van Reenen in Handbook of Labor Economics, Vol 4B, Elsevier, 2010
Insider Econometrics, Kathryn Shaw and Casey Ichniowski in Handbook of Organizational Economics, Princeton University Press, 201