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Firm Heterogeneity and the Labour Market Effects of Trade Liberalisation
Egger, Hartmut; Kreickemeier, Udo - 2021
This paper develops a model that incorporates workers' fair wage preferences into a general equilibrium framework with monopolistic competition between heterogeneous firms à la Melitz (2003). By assuming that the wage considered to be fair by workers depends on the productivity and thus the...
Persistent link: https://www.econbiz.de/10013317452
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International fragmentation : boon or bane for domestic employment?
Egger, Hartmut; Kreickemeier, Udo - 2005
the public concern can be addressed that international fragmentation and outsourcing to low wage countries lead to … outsourcing and critically assess the role of political intervention that aims to reduce unemployment benefits under …
Persistent link: https://www.econbiz.de/10010261371
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Vertical Specialization, International Task Fragmentation, and Convergence
Marjit, Sugata; Oladi, Reza - 2021
In this paper, we construct an elaborate general equilibrium model with a continuum of production fragments for an intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical specialization and trade on growth and inequality for a small...
Persistent link: https://www.econbiz.de/10013314672
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New Technologies, Global Value Chains, and the Developing Economies
Rodrik, Dani - 2019
Many of the exports of developing countries are channeled through global value chains (GVCs), which also act as conduits for new technologies. However, new capabilities and productive employment remain limited so far to a tiny sliver of globally integrated firms. GVCs and new technologies...
Persistent link: https://www.econbiz.de/10012892047
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Automation, Global Value Chains and Functional Specialization
Fontagné, Lionel Gérard; Reshef, Ariell; Santoni, Gianluca - 2023
We study how technology adoption and changes in global value chain (GVC) integration jointly affect labor shares and business function specialization in a sample of 14 manufacturing industries in 14 European countries in 1999–2011. Our main contribution is to highlight the indirect effect of...
Persistent link: https://www.econbiz.de/10014260701
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Decoupling Global Value Chains
Eppinger, Peter; Felbermayr, Gabriel J.; Krebs, Oliver; … - 2021
Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...
Persistent link: https://www.econbiz.de/10013227605
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On the Heterogeneous Trade and Welfare Effects of GATT/WTO Membership
Felbermayr, Gabriel - 2020
We build on the latest developments in the structural gravity literature to quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the...
Persistent link: https://www.econbiz.de/10012822504
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Outsourcing, unemployment and welfare policy
Keuschnigg, Christian; Ribi, Evelyn - 2008
The paper investigates the consequences of outsourcing of labor intensive activities to low-wage economies. This trend … markets are missing. The main results are: (i) outsourcing raises unemployment and labor income risk of unskilled workers; (ii …) it increases inequality among high- and low-income groups; and (iii) the gains from outsourcing can be made Pareto …
Persistent link: https://www.econbiz.de/10010264480
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A Theory of Monopolistic Competition with Horizontally Heterogeneous Consumers
Kokovin, Sergey G. - 2020
Our novel approach to modeling monopolistic competition with heterogeneous consumers involves a space of characteristics of a differentiated good (consumers' ideal points), alike Hotelling (1929). Firms have heterogeneous costs à la Melitz (2003). In addition to price setting, each firm also...
Persistent link: https://www.econbiz.de/10012841747
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Optimal Income Taxation Under Monopolistic Competition
Tarasov, Alexander; Zubrickas, Robertas - 2021
This paper is concerned with cross-dependencies between endogenous market structure and tax policy. We extend the Mirrlees (1971) model of income taxation with a monopolistic competition framework with general additively separable consumer preferences. We show that price and variety distortions...
Persistent link: https://www.econbiz.de/10013211731