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Globalization and Labor Market Outcomes: Wage Bargaining, Search Frictions, and Firm Heterogeneity
Felbermayr, Gabriel; Prat, Julien; Schmerer, Hans-Jörg - Institute for the Study of Labor (IZA) - 2008
it improves aggregate productivity net of transport costs. We show that this condition is likely to be met by a reduction …
Persistent link: https://www.econbiz.de/10005703196
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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
face a fall in output, mark-ups and profits, and the average productivity of survivors increases. These pro …
Persistent link: https://www.econbiz.de/10008497005
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Heterogeneous Firms, Trade, and Economic Policy: Insights from a Simple Two-Sector Model
Pflüger, Michael P.; Russek, Stephan - Institute for the Study of Labor (IZA) - 2011
The robust empirical finding that exporting firms are systematically different from firms that merely serve domestic consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The establishment of a canonical model due to Melitz (2003) has...
Persistent link: https://www.econbiz.de/10009369421
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Trade and Industrial Policies with Heterogeneous Firms: The Role of Country Asymmetries
Pflüger, Michael P.; Russek, Stephan - Institute for the Study of Labor (IZA) - 2010
improve the business conditions in one country have negative productivity and welfare effects on the trading partner. Second …
Persistent link: https://www.econbiz.de/10008777139
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Business Conditions and Default Risks across Countries
Pflüger, Michael P.; Russek, Stephan - Institute for the Study of Labor (IZA) - 2011
The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...
Persistent link: https://www.econbiz.de/10008854768
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A Global View of Cross-Border Migration
di Giovanni, Julian; Levchenko, Andrei A.; Ortega, Francesc - Institute for the Study of Labor (IZA) - 2012
This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and destinations, using a quantitative multi-sector model of the global economy calibrated to aggregate and firm-level data on 60 developed and developing countries. Our framework accounts...
Persistent link: https://www.econbiz.de/10011279236
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Towards a Unifying Approach of the 'New Economic Geography'
Pflüger, Michael; Südekum, Jens - Institute for the Study of Labor (IZA) - 2006
Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern and the efficiency of the market equilibrium. This reflects the fact that these models rely heavily on specific...
Persistent link: https://www.econbiz.de/10005233783
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Economic Integration, Wage Policies and Social Policies
Pflüger, Michael - Institute for the Study of Labor (IZA) - 2003
This paper uses a two country trade and geography model of monopolistic competition to study the effects of wage policies and social policies on the location of industry. It is first shown that a union wage push in one of two otherwise identical countries induces a relocation of firms which...
Persistent link: https://www.econbiz.de/10005703558
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On Pitchforks and Tomahawks
Pflüger, Michael; Südekum, Jens - Institute for the Study of Labor (IZA) - 2007
The core-periphery model by Krugman (1991) has two 'dramatic' implications: catastrophic agglomeration and locational hysteresis. We study this seminal model with CES instead of Cobb-Douglas upper tier preferences. This small generalization suffices to change these stark implications. For a wide...
Persistent link: https://www.econbiz.de/10005822499
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Trade, Wages, and Productivity
Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - Institute for the Study of Labor (IZA) - 2008
firms to leave the market, thereby affecting aggregate productivity. Since wage and productivity responses are endogenous …, our model is well suited to study the impacts of trade integration on aggregate productivity and factor prices. Using … quantify the impacts of removing the Canada-U.S. border on wages, productivity, markups, the share of exporters, the mass of …
Persistent link: https://www.econbiz.de/10005822765