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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
A half-century of empirical work on the factor proportions theory has identified devise simple amendments that bring theory and data into reasonable congruence. Our study considers standard and novel hypotheses regarding the failures of the Heckscher-Ohlin-Vanek formulation and is the first to...
Persistent link: https://www.econbiz.de/10012472028
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
absolute terms, correcting for purchasing power. The relatively high employment rates of less educated German youth combined …-German difference in employment rates …
Persistent link: https://www.econbiz.de/10012472736
Standard models suggest that adverse labor demand shocks will lead to bigger employment losses if institutional factors … explains the contrast between the United States, where real wages fell over the 1980s and aggregate employment expanded … vigorously, and Europe, where real wages were (roughly) constant and employment was stagnant. We test this hypothesis by …
Persistent link: https://www.econbiz.de/10012473372
The Covid-19 pandemic has introduced huge numbers of employers and employees to remote work. How many of these newly remote jobs will go overseas? We offer a rough quantification based on two observations: 1) offshore work is trade in services, and 2) the number of telemigrants is the volume of...
Persistent link: https://www.econbiz.de/10012660065
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
possibility that freer trade also alters the firm-size distribution via international firm migration (offshoring); firms must, by …
Persistent link: https://www.econbiz.de/10012461997
Global production sharing is determined by international cost differences and frictions related to the costs of unbundling stages spatially. The interaction between these forces depends on engineering details of the production process with two extremes being 'snakes' and 'spiders'. Snakes are...
Persistent link: https://www.econbiz.de/10012462046