Management Practices, Workforce Selection, and Productivity

• 成果类型: Article
• 署名作者: Bender, Stefan; Bloom, Nicholas; Card, David; Van Reenen, John; Wolter, Stefanie
• 署名单位: Deutsche Bundesbank; University of California System; University of California Berkeley; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/694107
• 发表日期: 2018
• 页码: S371-S409
• 关键词: family firms; performance; TECHNOLOGY; ECONOMICS; culture; MARKET; INDIA

摘要

We study the relationship among productivity, management practices, and employee ability using German data combining management practices surveys with employees' longitudinal earnings records. Including human capital reduces the association between productivity and management practices by 30%-50%. Only a small fraction is accounted for by the higher human capital of the average employee at better-managed firms. A larger share is attributable to the human capital of the highest-paid workers, that is, the managers. A similar share is mediated through the pay premiums offered by better-managed firms. We find that better-managed firms recruit and retain workers with higher average human capital.