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Did the National Minimum Wage Affect UK Prices?

Wadsworth, Jonathan - Institute for the Study of Labor (IZA) - 2009

wage workers could pass on any resulting higher labour costs in the form of higher prices. This study looks at the effects … of the introduction and subsequent uprating of the minimum wage on the prices of UK goods and services, comparing the … prices of goods produced by industries in which UK minimum wage workers make up a substantial share of total costs with the …

Persistent link: https://www.econbiz.de/10008565190

Rent Building, Rent Sharing: A Panel Country-Industry Empirical Analysis

Askenazy, Philippe; Cette, Gilbert; Maarek, Paul - Institute for the Study of Labor (IZA) - 2012

Through panel estimates using OECD country-industry statistics, this paper aims to clarify the determinants of rent creation and the mechanisms of rent sharing, and the role of market regulations in these processes. The empirical analysis is carried out in two steps. The first explains the rent...

Persistent link: https://www.econbiz.de/10010541268

The Economics of Risky Health Behaviors

Cawley, John; Ruhm, Christopher J. - Institute for the Study of Labor (IZA) - 2011

Risky health behaviors such as smoking, drinking alcohol, drug use, unprotected sex, and poor diets and sedentary lifestyles (leading to obesity) are a major source of preventable deaths. This chapter overviews the theoretical frameworks for, and empirical evidence on, the economics of risky...

Persistent link: https://www.econbiz.de/10009024597

Are US Wages Really Determined by European Labor-Market Institutions?

Meckl, Jürgen - Institute for the Study of Labor (IZA) - 2005

This paper integrates institutionally determined wage rigidities into an otherwise standard Heckscher-Ohlin model of international trade. It accounts for differences in individual productivities and their implications for individual wage incomes and demand for education. Although preserving the...

Persistent link: https://www.econbiz.de/10005762382

Ethnic Networks and International Trade

Epstein, Gil S.; Gang, Ira N. - Institute for the Study of Labor (IZA) - 2004

There is a well-established high quality literature on the role of networks, particularly ethnic networks, in international trade. Ethnic networks are a way of overcoming informal barriers (information costs, risk and uncertainty) to trade by building trust and substituting for the difficulty of...

Persistent link: https://www.econbiz.de/10005763717

National Champion versus Foreign Takeover

Suedekum, Jens - Institute for the Study of Labor (IZA) - 2007

We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...

Persistent link: https://www.econbiz.de/10005763853

How Outsourcing Affects Bilateral Political Relations

Polachek, Solomon W. - Institute for the Study of Labor (IZA) - 2004

One issue the literature neglects is how outsourcing stimulates trade (imports, exports and foreign direct investment), thereby affecting political relations. However, at least as far back as 1750, economic philosophers such as Baron de Montesquieu in his L’Esprit des Lois, argued, “peace is...

Persistent link: https://www.econbiz.de/10005822680

Employment, Exchange Rates and Labour Market Rigidity

Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - Institute for the Study of Labor (IZA) - 2010

There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...

Persistent link: https://www.econbiz.de/10008536005

Intra-Industry Adjustment to Import Competition: Theory and Application to the German Clothing Industry

Raff, Horst; Wagner, Joachim - Institute for the Study of Labor (IZA) - 2009

This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and the...

Persistent link: https://www.econbiz.de/10008497005

Greasing the Wheels of International Commerce: How Services Facilitate Firms' International Sourcing

Debaere, Peter; Görg, Holger; Raff, Horst - Institute for the Study of Labor (IZA) - 2010

We use unique plant-level data to study the link between the local availability of services and the decision of manufacturing firms to source materials from abroad. To guide our empirical analysis we develop a monopolistic-competition model of the materials sourcing decisions of heterogeneous...

Persistent link: https://www.econbiz.de/10008480922