Labor and the market value of the firm

American Economic Review

Volumn 97, Issue 4, 2007, Pages 1419-1431

  Merz, Monika ^a   Yashiv, Eran ^b,c  

^a UNIVERSITY OF BONN   (Germany)

^b TEL AVIV UNIVERSITY   (Israel)

^c Centre for Economic Policy Research   (Israel)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 35348915491     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.97.4.1419     Document Type: Review

References (18)

1. Abel, Andrew B., and Janice C. Eberly. 1994. "A Unified Model of Investment under Uncertainty." American Economic Review, 84(5): 1369-84.
2. Bleakley, Hoyt, Ann E. Ferris, and Jeffrey C. Fuhrer. 1999. "New Data on Worker Flows during Business Cycles." Federal Reserve Bank of Boston New England Economic Review, July-August: 49-76.
3. Christiano, Lawrence J., and Jonas D. M. Fisher. 2003. "Stock Market and Investment Goods Prices: Implications for Macroeconomics." National Bureau of Economic Research Working Paper 10031.
4. Cochrane, John H. 1991. "Production-Based Asset Pricing and the Link between Stock Returns and Economic Fluctuations." Journal of Finance, 46(1): 209-37.
5. Cochrane, John H. 1996. "A Cross-Sectional Test of an Investment-Based Asset Pricing Model." Journal of Political Economy, 104(3): 572-621.
6. Cooper, Russell W., and John C. Haltiwanger. 2006. "On the Nature of Capital Adjustment Costs." Review of Economic Studies, 73(3): 611-33.
7. Cooper, Russell W., and Jonathan Willis. 2003. "The Cost of Labor Adjustment: Inferences from the Gap." National Bureau of Economic Research Working Paper 10006.
8. Danthine, Jean-Pierre, and John B. Donaldson. 2002a. "Decentralizing the Stochastic Growth Model." Université de Lausanne, Ecole des HEC, Cahiers de Recherches Economiques du Departement d'Econometrie et d'Economie Politique (DEEP) Working Paper 28.
9. Danthine, Jean-Pierre, and John B. Donaldson. 2002b. "Labour Relations and Asset Returns." Review of Economic Studies, 69(1): 41-64.
10. Hall, Robert E. 2001. "The Stock Market and Capital Accumulation." American Economic Review, 91(5): 1185-1202.
11. Hamermesh, Daniel S. 1993. Labor Demand. Princeton: Princeton University Press.
12. Hansen, Lars Peter. 1982. "Large Sample Properties of Generalized Method of Moments Estimators." Econometrica, 50(4): 1029-54.
13. Hayashi, Fumio. 1982. "Tobin's Marginal Q and Average Q: A Neoclassical Interpretation." Econometrica, 50(1): 213-24.
14. Merz, Monika, and Eran Yashiv. 2005. "Labor and the Market Value of the Firm." Centre for Economic Performance Discussion Paper 690.
15. Summers, Lawrence H. 1981. "Taxation and Corporate Investment: A Q-Theory Approach." Brookings Papers on Economic Activity, 1: 67-127.
16. Tobin, James. 1969. "A General Equilibrium Approach to Monetary Theory." Journal of Money, Credit, and Banking, 1(1): 15-29.
17. Tobin, James, and William Brainard. 1977. "Assets Markets and the Cost of Capital." In Economic Progress, Private Values and Public Policies: Essays in Honor of William Fellner, ed. B. Belassa and R. Nelson, 235-62. Amsterdam: North-Holland Publishing Company.
18. Yashiv, Eran. 2000. "The Determinants of Equilibrium Unemployment." American Economic Review, 90(5): 1297-1322.