Showing 1 - 10 of 49
We compare free trade reached through expanding regional trading blocks to free trade accomplished by multilateral negotiation. With sunk costs, the outcomes are different. Trade in an imperfectly competitive good flows disproportionately more between the original members of a regional agreement...
Persistent link: https://www.econbiz.de/10005368280
Persistent link: https://www.econbiz.de/10010725441
Persistent link: https://www.econbiz.de/10010725574
Persistent link: https://www.econbiz.de/10010674310
Persistent link: https://www.econbiz.de/10010665328
Big cities specialize in services rather than manufacturing. Big-city establishments in services are larger than the national average while those in manufacturing are smaller. This paper proposes an explanation of these and other facts. The theory is developed in an economic geography model that...
Persistent link: https://www.econbiz.de/10005394073
We examine a primary outcome of corporate governance, the ability to identify and terminate poorly performing CEOs, to test the effectiveness of U.S. investor protections in improving the corporate governance of cross-listed firms. We find that firms from weak investor protection regimes that...
Persistent link: https://www.econbiz.de/10005368296
It is well known that turnover rates fall with employee tenure and employer size. We document a new empirical fact about turnover: Among surviving employers, separation rates are positively related to industry-level exit rates, even after controlling for tenure and size. Specifically, in a...
Persistent link: https://www.econbiz.de/10005393723
-cycle dynamics, economists have studied the flows of workers across the labor market states of employment, unemployment, and not in … changed employers from one month to the next, about the same number as left the labor force from employment and more than … twice the number that moved from employment to unemployment. Close to half of the new jobs started in 1999 represented …
Persistent link: https://www.econbiz.de/10005393869
Labor market outcomes such as turnover and earnings are correlated with employer characteristics, even after controlling for observable differences in worker characteristics. We argue that this systematic relationship constitutes strong evidence in favor of models where workers choose how much...
Persistent link: https://www.econbiz.de/10005393950