Creative destruction and firm organization choice

• 成果类型: Article
• 署名作者: Thesmar, D; Thoenig, M
• 署名单位: Institut Polytechnique de Paris; ENSAE Paris; Universite PSL; Ecole Normale Superieure (ENS); heSam Universite; Universite Pantheon-Sorbonne; Centre National de la Recherche Scientifique (CNRS)
• 刊物名称: QUARTERLY JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0033-5533
• DOI: 10.1162/003355300555051
• 发表日期: 2000
• 页码: 1201-1237
• 关键词: wage inequality; GROWTH; TECHNOLOGY; LABOR

摘要

Firms' organizational choices are influenced by external conditions such as the instability of the product market. In order to address this issue in a macroeconomic perspective, we embed the firm's choice of organizational structure in a model of growth through creative destruction, which induces endogenous market volatility. We find that an increasing supply of skill or globalization may increase the rate of creative destruction, the skill premium, and the skilled wages, and it may depress the unskilled wages. We use an original data set to test the empirical relevance of our theory.