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This study examines how minimum wage laws affect the employment and earnings of low-skilled immigrants and natives in … adverse employment effects among adult immigrants or natives who did not complete high school. However, low-skilled immigrants …
Persistent link: https://www.econbiz.de/10005346055
The original Mortensen-Pissarides model possesses two elements that are absent from the commonly used simplified version: the job destruction margin and training costs. I find that these two elements enable a model driven by a single aggregate shock to simultaneously explain most movements...
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poor than non-Hispanic whites. Lower average English ability, low levels of educational attainment, part-time employment …
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Much empirical work has documented a negative correlation between different measures of globalization or openness and …
Persistent link: https://www.econbiz.de/10005367952
Greater openness has become an almost universal feature of modern, developed economies. This paper develops a workhorse international model, and explores the role of standard monetary policy rules applied to an open economy. For this purpose, I build a two-country DSGE model with monopolistic...
Persistent link: https://www.econbiz.de/10005367953
The aim of this paper is to evaluate the impact of globalization, if any, on inflation and the inflation process. We … concluded that globalization has had no significant impact, this paper highlights that trying to capture globalization effects … trade volume statistics to properly describe the impact of globalization. This leads us to adopt a more systematic approach …
Persistent link: https://www.econbiz.de/10005367957