Do Input Quality and Structural Productivity Estimates Drive Measured Differences in Firm Productivity?

Firms in the same industry can differ in measured total factor productivity (TFP) by multiples of 3. Griliches (1957) suggests one explanation: the quality of inputs differs across firms. Labor inputs are traditionally measured only as the number of workers. We investigate whether adjusting for the quality of labor inputs substantially decreases measured TFP dispersion. We add labor market history variables such as experience and firm and industry tenure, as well as general human capital measures such as schooling and sex. We also investigate whether an innovative structural estimator for productivity due to Olley and Pakes (1996) substantially decreases measured residual TFP. Combining labor quality and structural estimates of productivity, the one standard deviation difference in residual TFPs in manufacturing drops from 0.70 to 0.67 multiples. Neither the structural productivity measure nor detailed input quality measures explain the very large measured residual TFP dispersion, despite statistically precise coefficient estimatesproduction function estimation; total factor productivity; input quality; structural estimates of productivity

Manipulating Memory Associations Changes Decision-making Preferences in a Preconditioning Task

Memories of past experiences can guide our decisions. Thus, if memories are undermined or distorted, decision making should be affected. Nevertheless, little empirical research has been done to examine the role of memory in reinforcement decision-making . We hypothesized that if memories guide choices in a conditioning decision-making task, then manipulating these memories would result in a change of decision preferences to gain reward. We manipulated participants’ memories by providing false feedback that their memory associations were wrong before they made decisions that could lead them to win money . Participants’ memory ratings decreased significantly after receiving false feedback. More importantly, we found that false feedback led participants’ decision bias to disappear after their memory associations were undermined . Our results suggest that reinforcement decision-making can be altered by fasle feedback on memories . The results are discussed using memory mechanisms such as spreading activation theories

Deceleration and electrostatic trapping of OH radicals

A pulsed beam of ground state OH radicals is slowed down using a Stark decelerator and is subsequently loaded into an electrostatic trap. Characterization of the molecular beam production, deceleration and trap loading process is performed via laser induced fluorescence detection inside the quadrupole trap. Depending on details of the trap loading sequence, typically $10^5$ OH ($X^2\Pi_{3/2}, J=3/2$) radicals are trapped at a density of around $10^7$ cm$^{-3}$ and at temperatures in the 50-500 mK range. The 1/e trap lifetime is around 1.0 second.Comment: 4 pages, 3 figure

Does Input Quality Drive Measured Differences in Firm Productivity?

Firms in the same industry can differ in measured productivity by multiples of 3. Griliches (1957) suggests one explanation: the quality of inputs differs across firms. We add labor market history variables such as experience and firm and industry tenure, as well as general human capital measures such as schooling and sex. We also use the wage bill and worker fixed effects. We show adding human capital variables and the wage bill decreases the ratio of the 90th to 10th productivity quantiles from 3.27 to 2.68 across eight Danish manufacturing and service industries. The productivity dispersion decrease is roughly of the same order of magnitude as some competitive effects found in the literature, but input quality measures do not explain most productivity dispersion, despite economically large production function coefficients. We find that the wage bill explains as much dispersion as human capital measures.

How to align the organization of the CREM-Department to strategy during a recession

Purpose – In a time of economic downfall a lot of companies choose to reduce corporate real estate (CRE) costs instead of aiming at more user-oriented CRE strategies. This also affects the budgets that are available for CRE. Therefore it is important that the organization of the CRE management (CREM)-department is optimally aligned with the CRE-strategy. This study provides CRE-managers with a tool for evaluating the organization of the CREM-department when applying the CRE-strategy of cost reduction. Design/methodology/approach – The formulated evaluation tool for the alignment of the organization of the CREM-department is a result of an explorative study. First a literature study was conducted which led to a theoretical model of factors that influence the organization of the CREM-department, with regard to five components: Organizational structure, Sourcing, Centralization, Process management and Company culture. Then empirical data was collected through interviews with two groups of respondents, namely CREM-departments who served as cases and CRE-consultants to hear their expert opinions. Cross-case analysis of the eight CREM-departments and a comparison of these results with the expert opinion of the consultants were used to look for links between the CREM department components and each CRE strategy. Findings – It was not possible to formulate links between every possible CRE strategy and the CREM-organization as most of the cases had implemented the same strategy, namely cost reduction. This did provide the opportunity to construct a clear evaluation model for this particular strategy. Not all the themes were aligned with the chosen CRE-strategy identically by all the CREM-departments with a cost reduction strategy, but many similarities came forward and were backed by the CREM experts. This was worked into an evaluation model on the alignment of the organization of the CREM-department with a cost reduction strategy. Research limitations/implications – The model developed is especially relevant for CREM-departments who have similar characteristics as the CREM-departments who served as cases: large companies with a division macro-organizational structure that apply the CRE-strategy of cost reduction. The evaluation model does not spell out exactly how the CREM organization should be managed and formed, but does provide insight in a number of main choices that can influence the organization of CREM. The purpose of the evaluation model is that the CREM department becomes aware of the consequences for the organization of CREM when implementing a cost reduction aimed CRE-strategy

Similarities between digits’ movements in grasping, touching and pushing

In order to find out whether the movements of single digits are controlled in a special way when grasping, we compared the movements of the digits when grasping an object with their movements in comparable single-digit tasks: pushing or lightly tapping the same object at the same place. The movements of the digits in grasping were very similar to the movements in the single-digit tasks. To determine to what extent the hand transport and grip formation in grasping emerges from a synchronised motion of individual digits, we combined movements of finger and thumb in the single-digit tasks to obtain hypothetical transport and grip components. We found a larger peak grip aperture earlier in the movement for the single-digit tasks. The timing of peak grip aperture depended in the same way on its size for all tasks. Furthermore, the deviations from a straight line of the transport component differed considerably between subjects, but were remarkably similar across tasks. These results support the idea that grasping should be regarded as consisting of moving the digits, rather than transporting the hand and shaping the grip

Atom lithography without laser cooling

Using direct-write atom lithography, Fe nanolines are deposited with a pitch of 186 nm, a full width at half maximum (FWHM) of 50 nm, and a height of up to 6 nm. These values are achieved by relying on geometrical collimation of the atomic beam, thus without using laser collimation techniques. This opens the way for applying direct-write atom lithography to a wide variety of elements.Comment: 7 pages, 11 figure

Pandemic panic?:Results of a 14 month longitudinal study on fear of COVID-19

BACKGROUND: Fear is an evolutionary adaptive emotion that serves to protect the organism from harm. Once a threat diminishes, fear should also dissipate as otherwise fear may become chronic and pathological. While actual threat of the COVID-19 pandemic (i.e., number of infections, hospitalizations, and deaths) has substantially varied over the course of the pandemic, it remains unclear whether (subjective) fear has followed a similar pattern. METHOD: To examine the development of fear of COVID-19 during the pandemic and investigate potential predictors of chronic fear, we conducted a large online longitudinal study (N = 2000) using the Prolific platform between April 2020 and June 2021. Participants were voluntary response samples and consisted of residents of 34 different countries. The Fear of the Coronavirus Questionnaire (FCQ) and several other demographic and psychological measures were completed monthly. RESULTS: Overall, we find that fear steadily decreased since April 2020. Additional analyses showed that elevated fear was predicted by region (i.e., North America > Europe), anxious traits, gender, risks for loved ones, general health, and media use. LIMITATIONS: The interpretation of the results of this study is limited by the non-representativeness of the sample and the lack of data points between August 2020 and June 2021. CONCLUSIONS: This study helps to characterize the trajectory of fear levels throughout the COVID-19 pandemic and establish several relevant predictors of increased fear