Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of … sectors, predicts that immigration boosts output per worker by expanding the high-productivity sector, but decreases output …

Germany has about the same proportion of foreigners in its population as the United States, it is an immigration … country. In a way, Germany has let immigration happen, but it did not really have an explicit immigration policy in the past …. Now it has to make up its mind on its immigration policy in the future. The paper looks at the experience with immigration …

Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … implications of how the sticky wages enter into the hiring decision, and there seems to be a tradeoff between generating business …

offshoring mainly through changes in relative wages rather than changes in relative employment. This runs counter to the …

patterns. It analyzes determinants of location choice and the degree of substitutability of labor across locations. Countries … country, affiliate employment tends to substitute for employment at the parent firm. At the margin, substitutability is the …

bargaining. It turns out that there is a strong tradeoff inherent in assuming that previously bargained sticky wages apply to new … hires. If sticky wages apply to new hires, then the staggered Nash bargaining model can generate realistic volatility in …. This finding is robust to including a microeconomically realistic degree of indexation of wages to inflation. The lack of a …

facts on labor’s share. I find that staggered bargaining in nominal wages best allows the model to plausibly match the …