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distribution of incomes and employment, to consider explicit measures of well-being, which have been shown to depend on far more …
Persistent link: https://www.econbiz.de/10012467742
How does growing international financial diversification affect firm-level and aggregate labor shares? We study this question using a novel framework of firm labor choice in the face of aggregate risk. The theory implies a cross-section of labor risk premia and labor shares that appear as...
Persistent link: https://www.econbiz.de/10014250185
, Japanese firms resembled U.S. multinationals. A Japanese parent's employment, given the level of its production, tends to be … similar to that of Swedish firms, but contrasts with that of U.S. firms. U.S. firms appear to reduce employment at home …-wage countries. We conclude that in Japanese firms and ancillary employment at home to service foreign operations outweighs any …
Persistent link: https://www.econbiz.de/10012471148
greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …
Persistent link: https://www.econbiz.de/10012478304
Japanese industry, and have effects on employment and output in sectors producing tradeable goods. This paper presents … estimate the impact of swings in the effective real exchange rate of the dollar and the yen on manufacturing employment and … the U.S. employment. These results are part of a larger research project to estimate the effects of the movements in the …
Persistent link: https://www.econbiz.de/10012476576
Due to population aging, GDP growth per capita and GDP growth per working-age adult have become quite different among many advanced economies over the last several decades. Countries whose GDP growth per capita performance has been lackluster, like Japan, have done surprisingly well in terms of...
Persistent link: https://www.econbiz.de/10014437045
We use data from a large web-based job platform to study how the price of remote work is determined in a globalized labor market. In the platform, workers from around the world compete for jobs that can be done remotely. We document that, despite the global nature of the marketplace, the...
Persistent link: https://www.econbiz.de/10012660114
This paper exploits a unique offshoring survey to show that firms continue domestic production of the same goods they …. Firms' reactions also motivate a new offshoring measure - produced- good imports - that is readily observed in most firm …
Persistent link: https://www.econbiz.de/10012482035
The rise of offshoring of intermediate inputs raises important questions for commercial policy. Do the distinguishing … features of offshoring introduce novel reasons for trade policy intervention? Does offshoring create new problems of global … perform in a world where offshoring is prevalent? In this paper we provide answers to these questions, and thereby initiate …
Persistent link: https://www.econbiz.de/10012464361
offshoring in the short run and in the long run (when technology levels are endogenous). The short-run analysis shows that when … research efforts in response to increased offshoring. In particular, the rich country always gains from increased fragmentation …
Persistent link: https://www.econbiz.de/10012465450