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When materials offshoring is measured by estimating imported intermediate inputs, a common assumption used is that an … the 3-digit I-O industry level, there is a correlation of 0.68 between the offshoring shares made with and without the …
Persistent link: https://www.econbiz.de/10012460742
Persistent link: https://www.econbiz.de/10003684216
as big as it was. If housing prices had not responded at all to the China shock, then the total employment effect of the … shock, however, so the independent employment effect of the China shock is reduced by about 20-30%, with that remainder …
Persistent link: https://www.econbiz.de/10012480375
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable gains in employment rates it had achieved during the 1990s, with major contractions in manufacturing … employment being a prime contributor to the slump. The U.S. employment "sag" of the 2000s is widely recognized but poorly …
Persistent link: https://www.econbiz.de/10012458271
Since the early 1980s, the U.S. economy has experienced a growing wage differential: high-skilled workers have claimed an increasing share of available income, while low-skilled workers have seen an absolute decline in real wages. How and why this disparity has arisen is a matter of ongoing...
Persistent link: https://www.econbiz.de/10001433753
We use the structure of the Melitz (2003) model to compare the cost of living and welfare across countries, while incorporating product variety measured by the count of barcodes or firms. For 47 countries, we compare welfare relative to the United States to conventional measures of real...
Persistent link: https://www.econbiz.de/10012510589
Many price indices must be constructed without quantity data at the elementary level. We show that for some consumer goods in the United States and other countries, one can approximate expenditure shares using weights derived from the retail distribution of sellers. These weights are based on...
Persistent link: https://www.econbiz.de/10012585386
employment opportunities for which they have comparative advantage. This framework yields a simple equation linking wage changes … offshoring) rather than those of rising market power, markups or deunionization, which themselves do not appear to play a major …
Persistent link: https://www.econbiz.de/10012585404
not on differential trends and do not enjoy higher output, investment, or employment growth thereafter. Using manager …
Persistent link: https://www.econbiz.de/10013172173
optimal taxation of capital and labor would raise employment by 4.02% and the labor share by 0.78 percentage points, and … employment by 1.14-1.96%, but in this case efficiency can be increased by imposing an additional automation tax to reduce the … workers, reducing employment below its socially optimal level. We additionally show that reducing labor taxes or combining …
Persistent link: https://www.econbiz.de/10012482009