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the labor market propagate to the rest of the economy through changes in employment, wages and local prices and how this …
Persistent link: https://www.econbiz.de/10008568283
is typically measured using nominal wages. I show that from 1980 to 2000, college graduates have increasingly … increase in their nominal wage. To measure the college premium in real terms, I deflate nominal wages using a new CPI that … documented increase in the return to college between 1980 and 2000 disappears when I use real wages. This finding does not appear …
Persistent link: https://www.econbiz.de/10005233774
In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by search frictions. We find that, contrary to general...
Persistent link: https://www.econbiz.de/10005761824
Job security provisions are commonly invoked to explain the high and persistent European unemployment rates. This belief has led several countries to reform their labor markets and liberalize the use of fixed-term contracts. Despite how common such contracts have become after deregulation, there...
Persistent link: https://www.econbiz.de/10005762388
This paper analyzes the effects of sociological changes in the form of a shift of influence within two-member households participating in labor and product markets. The most striking effects occur when household members differ in individual preferences and enjoy positive leisure-dependent...
Persistent link: https://www.econbiz.de/10005703771
endogenously determined wages. Trade integration favors wage convergence, intensifies competition, and forces the least efficient … Canada-U.S. interregional trade data, we first estimate a system of theory-based gravity equations under the general … 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
We analyze the role of optimal income taxation across different local labor markets. Should labor in large cities be taxed differently than in small cities? We find that a planner who needs to raise revenue and is constrained by free mobility of labor across cities does not choose equal taxes...
Persistent link: https://www.econbiz.de/10011165592
This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....
Persistent link: https://www.econbiz.de/10009371176
Die ökonomische Beurteilung von Vorgängen auf dem Arbeitsmarkt erfordert eine solide und aussagekräftige Datengrundlage. Eine Kerngröße zu deren Verständnis bilden Stundenlöhne. Stundenlöhne erklären beispielsweise, ob und in welchem Umfang Menschen arbeiten und konsumieren, warum und...
Persistent link: https://www.econbiz.de/10008615420
We estimate the impact of workforce diversity on productivity, wages and productivity-wage gaps (i.e. profits) using … econometric issues, show that educational (age) diversity is beneficial (harmful) for firm productivity and wages. The …
Persistent link: https://www.econbiz.de/10010990939