Workers’ tenure and firm productivity: New evidence from matched employer-employee panel data

IF 2.4 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR Industrial Relations Pub Date : 2022-04-28 DOI:10.1111/irel.12309
Nicola Gagliardi, Elena Grinza, François Rycx
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Abstract

Using rich longitudinal matched employer-employee data on Belgian firms, we explore the impact of workers’ tenure on firm productivity. To do so, we estimate production functions augmented with firm-level measures of tenure. We deal with the endogeneity of standard inputs and tenure, which arises from unobserved firm heterogeneity and reverse causality, by applying a modified version of Ackerberg et al.’s (2015) control function method, which explicitly removes firm fixed effects. Consistently with recent theoretical predictions, our analyses point to positive, but decreasing, returns to tenure. We also find that the impact differs widely across several firm dimensions. Tenure is particularly beneficial for productivity in contexts characterized by a certain degree of routineness and low job complexity. Along the same lines, our findings indicate that tenure exerts stronger positive impacts in industrial and capital-intensive firms, as well as in firms less reliant on ICT-intensive and knowledge-intensive processes.

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工人的任期和公司生产力:来自匹配雇主-雇员面板数据的新证据
利用比利时公司丰富的纵向匹配雇主-雇员数据,我们探讨了工人任期对公司生产力的影响。为了做到这一点,我们估计了用公司层面的保有权衡量标准增加的生产函数。我们通过应用Ackerberg等人(2015)的控制函数方法的修正版本来处理标准投入和保有权的内生性,该方法明确消除了企业固定效应,这是由未观察到的企业异质性和反向因果关系引起的。与最近的理论预测一致,我们的分析指出,任期回报率是正的,但在下降。我们还发现,在几个公司层面上,影响差异很大。在以一定程度的日常性和低工作复杂性为特征的环境中,任期对生产力尤其有利。同样,我们的研究结果表明,任期对工业和资本密集型企业,以及对信息和通信技术密集型和知识密集型流程依赖程度较低的企业产生了更强的积极影响。
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来源期刊
Industrial Relations
Industrial Relations INDUSTRIAL RELATIONS & LABOR-
CiteScore
4.40
自引率
8.70%
发文量
25
期刊介绍: Corporate restructuring and downsizing, the changing employment relationship in union and nonunion settings, high performance work systems, the demographics of the workplace, and the impact of globalization on national labor markets - these are just some of the major issues covered in Industrial Relations. The journal offers an invaluable international perspective on economic, sociological, psychological, political, historical, and legal developments in labor and employment. It is the only journal in its field with this multidisciplinary focus on the implications of change for business, government and workers.
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