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To study the short-run and long-run implications on wage inequality, we introduce directed technical change into a Ricardian model of offshoring. A unique final good is produced by combining a skilled and an unskilled product, each produced from a continuum of intermediates (tasks). Some of...
Persistent link: https://www.econbiz.de/10012460066
We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large employer-employee panel dataset spanning 2009-2020. Our firm-level results confirm previous findings, with positive effects on value added and hours worked for robot-adopting firms...
Persistent link: https://www.econbiz.de/10014247929
We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent workers. While labor-saving technologies predict...
Persistent link: https://www.econbiz.de/10014436977
We study the impact of techies--engineers and other technically trained workers--on firm-level productivity. We first report new facts on the role of techies in the firm by using French administrative data and unique surveys. Techies are STEM-skill intensive and are associated with innovation,...
Persistent link: https://www.econbiz.de/10014322729
We construct a dynamic general equilibrium model of foreign direct investment (FDI) and foreign technology adoption …. Growth accounting exercises show that total factor productivity, FDI conversion efficacy, and foreign technology spillover …
Persistent link: https://www.econbiz.de/10014250176
Demand for less skilled workers decreased dramatically in the US and in other developed countries over the past two decades. We argue that pervasive skill-biased technological change rather than increased trade with the developing world is the principal culprit. The pervasiveness of this...
Persistent link: https://www.econbiz.de/10012472648
The government contracts with a foreign firm to extract a natural resource that requires an upfront investment and … which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a … with high probability of expropriation. The contract can be implemented via a competitive auction with reasonable …
Persistent link: https://www.econbiz.de/10012464906
Some polities are able to use constitutionally prescribed political processes to settle distributional disputes, whereas in other polities distributional disputes result in civil conflict. Theoretical analysis reveals that the following properties help to make it possible to design a...
Persistent link: https://www.econbiz.de/10012468904
The Covid-19 pandemic represents one of the most significant labor market shocks to the world economy in recent times. We present evidence from a field experiment to understand whether and why skilled and unskilled workers were differentially impacted by the shock, in the context of a low-income...
Persistent link: https://www.econbiz.de/10015056109
In this paper, I examine the effect of business cycles on the employment, earnings, and income of persons in different demographic groups. I classify individuals by sex, education, and race. The analysis uses data from the Current Population Survey's Outgoing Rotation Group file, covering the...
Persistent link: https://www.econbiz.de/10012471600