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Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy
Cosar, Kerem; Guner, Nezih; Tybout, James R - C.E.P.R. Discussion Papers - 2013
This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics, job turnover, and wage distributions. It uses establishment-level data from Colombia to estimate an open economy dynamic model that links trade to job flows in a new way. The...
Persistent link: https://www.econbiz.de/10011083293
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Firm Dynamics and Residual Inequality in Open Economies
Felbermayr, Gabriel; Impullitti, Giammario; Prat, Julien - C.E.P.R. Discussion Papers - 2014
Increasing wage inequality between similar workers plays an important role for overall inequality trends in … trade with heterogeneous firms and homogeneous workers. Wage inequality across and within firms results from their different … Hartz labor market reforms account for the sharp increase in residual inequality observed in the data. By contrast …
Persistent link: https://www.econbiz.de/10011083807
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Labor Market Frictions as a Source of Comparative Advantage, with Implications for Unemployment and Inequality
Helpman, Elhanan - C.E.P.R. Discussion Papers - 2010
inequality. This paper reviews this approach and reports a number of results from recent studies. …
Persistent link: https://www.econbiz.de/10008468664
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Foreign Trade and Investment: Firm-Level Perspectives
Helpman, Elhanan - C.E.P.R. Discussion Papers - 2013
This Economica Coase Lecture reviews research that has revolutionized the field of international trade and foreign direct investment. It explains the motivation behind the development of new analytical frameworks, the nature of these frameworks, and the empirical studies that sprouted from them.
Persistent link: https://www.econbiz.de/10011083409
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Trade and Labor Market Outcomes
Helpman, Elhanan; Itskhoki, Oleg; Redding, Stephen J. - C.E.P.R. Discussion Papers - 2011
This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral …
Persistent link: https://www.econbiz.de/10008854515
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Job Creation, Job Destruction, and the International Division of Labour
Jansen, Marion; Turrini, Alessandro Antonio - C.E.P.R. Discussion Papers - 2000
We incorporate equilibrium unemployment due to imperfect matching into a model of trade in intermediate inputs (Ethier (1982)). Firms are assumed to be price takers and their size is given by technology. Firms enter the market as long as expected profits cover the search cost they incur...
Persistent link: https://www.econbiz.de/10005497712
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Simultaneous Search with Heterogeneous Firms and Ex Post Competition
Gautier, Pieter A; Wolthoff, Ronald - C.E.P.R. Discussion Papers - 2007
We study a search model where workers can apply to high and or low productivity firms. Firms that compete for the same candidate can increase their wage offers as often as they like. We show that if workers apply to two jobs, there is a unique symmetric equilibrium where workers mix between...
Persistent link: https://www.econbiz.de/10005504344
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Do Good Workers Hurt Bad Workers - or is it the Other Way Around?
Moen, Espen R - C.E.P.R. Discussion Papers - 2002
In this article, I study the effect of worker heterogeneities on wages and unemployment within the context of a directed search model. A worker's productivity in a given firm depends both on their type and on a worker-firm specific component. Firms advertise unconditional wage offers, and hire...
Persistent link: https://www.econbiz.de/10005667080
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Race v. Suffrage: The Determinants of Development in Mississippi
Bertocchi, Graziella; Dimico, Arcangelo - C.E.P.R. Discussion Papers - 2011
We investigate the long term determinants of political and economic outcomes over a new data set composed of Mississippi counties. We analyze the effect of disfranchisement on voting registration at the end of the nineteenth century (1896-9), as well as the impact of voting registration on...
Persistent link: https://www.econbiz.de/10009321839
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Capital Share Risk and Shareholder Heterogeneity in U.S. Stock Pricing
Lettau, Martin; Ludvigson, Sydney; Ma, Sai - C.E.P.R. Discussion Papers - 2015
Value and momentum portfolios exhibit strong opposite signed exposure to an aggregate risk factor based on low frequency fluctuations in the capital share. This strong opposite signed exposure helps explain why both strategies earn high average returns yet are negatively correlated. But the...
Persistent link: https://www.econbiz.de/10011145413