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Helpman, Elhanan; Itskhoki, Oleg; Redding, Stephen - Centre for Economic Performance, LSE - 2010

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/10009643563

Superstars and Renaissance Men: Specialization, Market Size and the Income Distribution

Walker, Richard - Centre for Economic Performance, LSE - 2005

A general equilibrium model of individual specialization is presented in which agents trade off the productivity and price implications of producing a narrower range of goods. Agents with highly specific skills turn out to benefit most from large markets. The model is able to replicate features...

Persistent link: https://www.econbiz.de/10005797214

Theories of Heterogeneous Firms and Trade

Redding, Stephen - Centre for Economic Performance, LSE - 2010

This paper reviews the recent theoretical literature on heterogeneous firms and trade, which emphasizes firm selection into international markets and reallocations of resources across firms. We discuss the empirical challenges that motivated this research and its relationship to traditional...

Persistent link: https://www.econbiz.de/10008646243

Goods Trade, Factor Mobility and Welfare

Redding, Stephen J. - Centre for Economic Performance, LSE - 2012

This paper extends a recent class of quantitative models of international trade to incorporate factor mobility within countries. We present a model-based decomposition of the variance of economic activity into the contributions of locational fundamentals, market access and their covariance. We...

Persistent link: https://www.econbiz.de/10010543482

Trade and Inequality: From Theory to Estimation

Helpman, Elhanan; Itskhoki, Oleg; Muendler, Marc-Andreas; … - Centre for Economic Performance, LSE - 2012

While neoclassical theory emphasizes the impact of trade on wage inequality between occupations and sectors, more … linked employer-employee data for Brazil, we show that much of overall wage inequality arises within sector-occupations and …-firm model of trade and inequality from Helpman, Itskhoki, and Redding (2010) and structurally estimate it with Brazilian data …

Persistent link: https://www.econbiz.de/10010543483

Inequality and Unemployment in a Global Economy

Helpman, Elhanan; Itskhoki, Oleg; Redding, Stephen - Centre for Economic Performance, LSE - 2009

inequality and raises unemployment, but expected welfare gains are ensured if workers are risk neutral. And while wage inequality … inequality. …

Persistent link: https://www.econbiz.de/10005037460

Rise of the Machines: The Effects of Labor-Saving Innovations on Jobs and Wages

Feng, Andy; Graetz, Georg - Centre for Economic Performance, LSE - 2015

How do firms respond to technological advances that facilitate the automation of tasks? Which tasks will they automate, and what types of worker will be replaced as a result? We present a model that distinguishes between a task's engineering complexity and its training requirements. When two...

Persistent link: https://www.econbiz.de/10011166117

Privatization, Entry Regulation and the Decline of Labor's Share of GDP: A Cross-Country Analysis of the Network Industries

Azmat, Ghazala; Manning, Alan; Reenen, John Van - Centre for Economic Performance, LSE - 2007

Labor's share of GDP in most OECD countries has declined over the last two decades. Some authors have suggested that these changes are linked to deregulation of product and labor markets. To examine this we focus on a large quasi-experiment in the OECD: the privatization of many network...

Persistent link: https://www.econbiz.de/10005151023

Profit Share and Returns on Capital Stock in Italy: the Role of Privatisations behind the Rise of the 1990s

Torrini, Roberto - Centre for Economic Performance, LSE - 2005

Profit share in Italy has been growing between the mid-1970s and the mid-1990s, remaining stable at historically high levels since than. After dropping in the first half of the 1070s, owing to an unprecedented rapid rise in wages, profit share started to recover. The rise during the 1980s...

Persistent link: https://www.econbiz.de/10005670408

Landing The First Job: The Value of Intermediaries in Online Hiring

Stanton, Christopher; Thomas, Catherine - Centre for Economic Performance, LSE - 2014

Online markets for remote labor services allow workers and firms to contract with each other directly. Despite this, intermediaries - called outsourcing agencies - have emerged in these markets. This paper shows that agencies signal to employers that inexperienced workers are high quality....

Persistent link: https://www.econbiz.de/10011085122

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