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Kraay, Aart - 2000

is that the peak of the OECD cycle is associated with high prices of labour-intensive products and low prices of capital … cycles are so synchronized. Positive shocks in one or more countries raise the prices of labour-intensive products and, as a … result, the demand for labour throughout the industrialized world. This generates increases in wages, employment and output …

Persistent link: https://www.econbiz.de/10012470962

Ohlin Versus Stolper-Samuelson?

Irwin, Douglas A. - 2000

This paper examines Bertil Ohlin's analysis of trade policy and factor rewards in the context of the late nineteenth and early twentieth century United States. A leading question of the day was whether labor could benefit from protection. Ohlin suspected that labor could benefit from protection...

Persistent link: https://www.econbiz.de/10012471126

Size, Trade, Technology and the Division of Labor

Limão, Nuno; Xu, Yang - National Bureau of Economic Research - 2021

We model the implications of the classical ideas that larger markets allow for a finer division of labor and this division feeds back into larger market size. Market size affects specialization due to firm-level increasing returns to scale arising from fixed costs of adopting...

Persistent link: https://www.econbiz.de/10012585453

Agrarian Origins of Individualism and Collectivism

Fiszbein, Martín; Jung, Yeonha; Vollrath, Dietrich - National Bureau of Economic Research - 2022

We study the influence of agricultural labor intensity on individualism across U.S. counties. To measure historical labor intensity in agriculture we combine data on crop-specific labor requirements and county-specific crop mix around 1900. To address endogeneity we exploit climate-induced...

Persistent link: https://www.econbiz.de/10012814418

Individual and Aggregate Labor Supply in Heterogeneous Agent Economies with Intensive and Extensive Margins

Chang, Yongsung - 2018

We study business cycle fluctuations in heterogeneous-agent general equilibrium models that feature both intensive and extensive margins of labor supply. A nonconvexity in the mapping between time devoted to work and labor services combined with idiosyncratic shocks generates operative extensive...

Persistent link: https://www.econbiz.de/10012480638

Populism, Protectionism, and Political Instability

Daun, Tyler; Galiani, Sebastián; Torrens, Gustavo - National Bureau of Economic Research - 2021

Most populist regimes in Latin American countries used trade policy to redistribute income, despite being less efficient than other redistribution schemes such as transfers financed with an income tax. Often, this outcome is attributed to the lack of fiscal capacity in Latin American countries....

Persistent link: https://www.econbiz.de/10012482577

India's Patterns of Development : What Happened, What Follows

Kochhar, Kalpana - 2006

India seems to have followed an idiosyncratic pattern of development, certainly compared to other fast-growing Asian economies. While the emphasis on services rather than manufacturing has been widely noted, within manufacturing India has emphasized skill-intensive rather than labor-intensive...

Persistent link: https://www.econbiz.de/10012466646

Are Ideas Getting Harder to Find?

Bloom, Nicholas - 2017

In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that...

Persistent link: https://www.econbiz.de/10012453929

Trade Induced Structural Change and the Skill Premium

Cravino, Javier - 2017

We study how international trade affects manufacturing employment and the relative wage of unskilled workers when goods and services are traded with different intensities. Manufacturing trade reduces manufacturing prices worldwide, which reduces manufacturing employment if manufactures and...

Persistent link: https://www.econbiz.de/10012455178

Trading Down and the Business Cycle

Jaimovich, Nir - 2015

We document two facts. First, during the Great Recession, consumers traded down in the quality of the goods and services they consumed. Second, the production of low-quality goods is less labor intensive than that of high-quality goods. When households traded down, labor demand fell, increasing...

Persistent link: https://www.econbiz.de/10012457130

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