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Steady-State Growth and the Elasticity of Substitution
Irmen, Andreas - CESifo - 2010
In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...
Persistent link: https://www.econbiz.de/10008534030
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Skills’ Substitutability and Technological Progress: U.S. States 1950-1990
Ciccone, Antonio; Peri, Giovanni - CESifo - 2003
In this article we estimate the long-run aggregate elasticity of substitution between skilled and unskilled workers. This is an important parameter as it allows us to compute the skill biased technological progress (SBTP) from the evolution of relative wages. However, it is hard to estimate...
Persistent link: https://www.econbiz.de/10005094488
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Factor Substitution, Income Distribution, and Growth in a Generalized Neoclassical Model
Irmen, Andreas; Klump, Rainer - CESifo - 2007
We analyze a generalized neoclassical growth model that combines a normalized CES production function and possible asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the impact of factor substitution and income distribution...
Persistent link: https://www.econbiz.de/10005405787
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Native Welfare Losses from High Skilled Immigration
Kemnitz, Alexander - CESifo - 2008
This paper explores the effects of high skilled immigration to a host country with unionized low skilled labor and an unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on low skilled employment, provided that fiscal...
Persistent link: https://www.econbiz.de/10005406111
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Exporting and Labor Demand: Micro-level Evidence from Germany
Lichter, Andreas; Peichl, Andreas; Siegloch, Sebastian - CESifo - 2014
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To …
Persistent link: https://www.econbiz.de/10010877822
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Metrics Capturing the Degree to which Individual Economies are Globalized
Riezman, Raymond; Whalley, John; Zhang, Shunming - CESifo - 2005
We discuss metrics of globalization for individual economies as distance measures between fully integrated and trade … be used to construct country globalization metrics reflecting the distance of economies from full global integration due … to trade barriers, barriers to factor flows, barriers to international financial intermediation, solved technological …
Persistent link: https://www.econbiz.de/10005094373
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Do Civil and Political Repression Really Boost Foreign Direct Investments?
Harms, Philipp; Ursprung, Heinrich - CESifo - 2001
Multinational enterprises are often accused to have a preference for investing in countries in which the working populations' civil and political rights are largely disregarded. This paper presents an empirical investigation of the popular "political repression boosts FDI" hypothesis and arrives...
Persistent link: https://www.econbiz.de/10005181294
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Macroeconomic Uncertainty and the Impact of Oil Shocks
Robays, Ine Van - CESifo - 2012
This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a structural threshold VAR model, we endogenously identify different regimes of uncertainty in which we estimate the effects of oil demand and supply shocks. The results show that...
Persistent link: https://www.econbiz.de/10010575442
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Trade Adjustment: Worker Level Evidence
Autor, David H.; Dorn, David; Hanson, Gordon H.; Song, Jae - CESifo - 2014
We analyze the effect of exposure to international trade on earnings and employment of U.S. workers from 1992 through … trade shocks. High-wage workers are better able to move across employers with minimal earnings losses, and are more likely …
Persistent link: https://www.econbiz.de/10010948900
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Wage and Employment Determination in Volatile Times: Sweden 1913-1939
Holmlund, Bertil - CESifo - 2012
The paper studies wage and employment determination in the Swedish business sector from the mid-1910s to the late 1930s. This period includes the boom and bust cycle of the early 1920s as well as the Great Depression of the early 1930s. The events of the early 1920s are particularly intriguing,...
Persistent link: https://www.econbiz.de/10010545689