Similar Search Results

Non-Linear Inflation Dynamics in Menu Cost Economies

Blanco, Andres; Boar, Corina; Jones, Callum; Midrigan, … - National Bureau of Economic Research - 2024

Canonical menu cost models, when parameterized to match the micro-price data, cannot reproduce the extent to which the fraction of price changes increases with inflation. They also predict implausibly large menu costs and misallocation in the presence of strategic complementarities. We resolve...

Persistent link: https://www.econbiz.de/10014468294

Optimal Gradualism

Lehr, Nils H.; Restrepo, Pascual - National Bureau of Economic Research - 2022

This paper studies how gradualism affects the welfare gains from trade, technology, and reforms. When people face adjustment frictions, gradual shocks create less adverse distributional effects in the short run. We show that there are welfare gains from inducing a more gradual transition via...

Persistent link: https://www.econbiz.de/10013477247

Tasks At Work : Comparative Advantage, Technology and Labor Demand

Acemoglu, Daron; Kong, Fredric; Restrepo, Pascual - National Bureau of Economic Research - 2024

This chapter reviews recent advances in the task model and shows how this framework can be put to work to understand the major labor market trends of the last several decades. Production in each industry necessitates the completion of a range of tasks, which can be allocated to workers of...

Persistent link: https://www.econbiz.de/10015056199

The Effect of Low-Skill Immigration Restrictions on US Firms and Workers : Evidence from a Randomized Lottery

Clemens, Michael A.; Lewis, Ethan - National Bureau of Economic Research - 2022

The U.S. limits work visas for low-skill jobs outside of agriculture, with a binding quota that firms access via a randomized lottery. We evaluate the marginal impact of the quota on firms entering the 2021 H-2B visa lottery using a novel survey and pre-analysis plan. Firms exogenously...

Persistent link: https://www.econbiz.de/10013435151

The Effect of Immigration Policy on Founding Location Choice : Evidence from Canada's Start-up Visa Program

Lee, Saerom; Glennon, Britta - National Bureau of Economic Research - 2023

To spur entrepreneurship and economic growth, an increasing number of countries have introduced immigration policies … this immigration policy increased the likelihood that U.S.-based immigrants have a start-up in Canada by 69%. Our results … communities in the origin location. Overall, our study unveils the importance of immigration policies in determining founding …

Persistent link: https://www.econbiz.de/10014337866

The Refugee Advantage : English-Language Attainment in the Early Twentieth Century

Abramitzky, Ran; Boustan, Leah Platt; Catron, Peter; … - National Bureau of Economic Research - 2023

The United States has admitted more than 3 million refugees since 1980 through official refugee resettlement programs. Scholars attribute the success of refugee groups to governmental programs on assimilation and integration. Before 1948, however, refugees arrived without formal selection...

Persistent link: https://www.econbiz.de/10014372487