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Globalization Drives Strategic Product Switching

Badia, Marialuz Moreno; Slootmaekers, Veerle; Beveren, … - International Monetary Fund (IMF) - 2008

Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm dynamics, considering both firm closedown and product switching. We contribute to the literature in two important ways: (1) this is the first paper to study the determinants of...

Persistent link: https://www.econbiz.de/10005263707

Bank Efficiency Amid Foreign Entry; Evidence From the Central American Region

Wezel, Torsten - International Monetary Fund (IMF) - 2010

This paper investigates the efficiency of domestic and foreign banks in the Central American region during 2002-07. Using two main empirical approaches, Data Envelopment Analysis and Stochastic Frontier Analysis, the paper finds that foreign banks are not necessarily more efficient than their...

Persistent link: https://www.econbiz.de/10008470391

Returns to Human Capital and Investment in New Technology

Luzio, Rodolfo; Dunaway, Steven Vincent; Kaufman, … - International Monetary Fund (IMF) - 2001

This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the...

Persistent link: https://www.econbiz.de/10005264106

How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries?

Jaumotte, Florence; Tytell, Irina - International Monetary Fund (IMF) - 2007

Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the...

Persistent link: https://www.econbiz.de/10005768889

Is the German Apprenticeship System a Panacea for the US Labour Market?

Harhoff, Dietmar; Kane, Thomas J - C.E.P.R. Discussion Papers - 1996

Advocates of apprenticeship programmes often argue as if it is simply a matter of historical accident that such investment by US firms has been hindered. This paper explores the structure of incentives underpinning the German system of apprenticeship training. First, we describe three...

Persistent link: https://www.econbiz.de/10005124483

Heterogeneous sports participation and labour market outcomes in England

Downward, Paul; Lechner, Michael - C.E.P.R. Discussion Papers - 2013

Based on a unique composite dataset measuring heterogeneous sports participation, labour market outcomes and local facilities provision, this paper examines for the first time the association between different types of sports participation on employment and earnings in England. Clear...

Persistent link: https://www.econbiz.de/10011083502

Fast Track: Is it in the Genes? The Promotion Policy of a Large Japanese Firm

Ariga, Kenn; Brunello, Giorgio; Ohkusa, Yasushi - C.E.P.R. Discussion Papers - 1997

This paper studies the promotion policy of a large, hi-tech manufacturing Japanese firm. We find that the company has multiple ports of entry and hires a significant number of employees with previous job experience. In addition, cohort-peer differentiation in promotion starts much earlier than...

Persistent link: https://www.econbiz.de/10005123541

Credit within the Firm

Guiso, Luigi; Pistaferri, Luigi; Schivardi, Fabiano - C.E.P.R. Discussion Papers - 2010

We exploit time variation in the degree of development of local credit markets and matched employer-employee data to assess the role of the firm as an internal credit market. In less developed local credit markets firms can offer a flatter wage-tenure profile than firms in more developed credit...

Persistent link: https://www.econbiz.de/10008468516

How Labour Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1998

This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as … fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the … variables, the lagged responses are never able to work themselves out entirely. In this respect, the chain reaction theory …

Persistent link: https://www.econbiz.de/10005504680

Revisiting the Case for a Populist Central Banker

Lippi, Francesco - C.E.P.R. Discussion Papers - 1999

It has been argued that the inflationary bias of discretionary monetary policy can be eliminated, and welfare maximized, by the appointment of a central banker who does not care at all about inflation (a 'populist central banker'). We show that this result hinges crucially on the assumption that...

Persistent link: https://www.econbiz.de/10005662413

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