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John Van Reenen
John Van Reenen is an economist whose work highlights the significant variation in productivity among firms within an economy. He also reports on methods for promoting the adoption of best practices in technology and management to address this issue.
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Economy
Ch.2 Unemployment, wages, and inequality: Supply-side policies and institutions - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
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Economic Implications of Productivity Disparities
Impact of a Uniform Wage Policy
In a competitive industry, Firm X and Firm Y produce identical products. Firm X has adopted advanced technology and management techniques, allowing it to produce 10 units per worker per hour. Firm Y, using older methods, produces only 5 units per worker per hour. If a new, industry-wide labor agreement enforces a substantial, uniform hourly wage for all workers, what is the most probable consequence for these two firms?
Sources of Productivity Variation
John Van Reenen
Promoting Best Practices in Technology and Management