Profitable firms generate employment and pay higher wages

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dc.contributor Bank of Finland Vanhala, Juuso Virén, Matti 2017-06-30T12:16:19Z 2017-06-30T12:16:19Z 2017
dc.identifier.issn 1456-5870
dc.description Economic outlook
dc.description.abstract An economy does not export products or create jobs – firms do. These are, however, very heterogeneous and often far from the average. Only the few 'superstars' of high productivity and profitability stand out distinctively in the large mass. A situation in which a few successful firms deviate strongly from the mass may distort the picture of an average firm and lead to erroneous conclusions about the condition of the corporate sector. However, a characteristic common to all firms is that success is reflected in wages and employment, even if in the export sector, the effect is typically smaller. Economic policy should pay more attention to the considerable heterogeneity of firms.
dc.format.extent 87-105
dc.language.iso ENG
dc.subject Suomi
dc.subject.other companies
dc.subject.other firms
dc.subject.other employment
dc.subject.other Finland
dc.subject.other productivity
dc.subject.other profitability
dc.subject.other wages
dc.title Profitable firms generate employment and pay higher wages
dc.type Journal article
dc.identifier.urn URN:NBN:fi:bof-201706301395 Bank of Finland. Bulletin
dc.series.volume 91
dc.series.number 3/2017
dc.series.sortingnumber 0003 29.6.2017
dc.subject.yso kannattavuus
dc.subject.yso palkat
dc.subject.yso tuottavuus
dc.subject.yso työllisyys
dc.subject.yso yritykset
bof-internal.includedInCRIS 1
dc.type.okm E1

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