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Reservation Wages and Labor Supply
Kesternich, Iris - 2020
Survey measures of the reservation wage reflect both the consumption-leisure trade-off and job search concerns (the arrival rate of job offers and the wage distribution). We examine what a survey measure of the reservation wage reveals about labor supply when search concerns are absent. To this...
Persistent link: https://www.econbiz.de/10012831654
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The Wage Fund Theory and the Gains from Trade in a Dynamic Ricardian Model
Marjit, Sugata; Nakanishi, Noritsugu - 2021
develop an elaborate dynamic wage fund model in the context of contemporary economic theory. The modified golden rule can be …
Persistent link: https://www.econbiz.de/10013217358
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Monopsonistic Labor Markets and International Trade
Ranjan, Priya - 2019
wage-setting power by the firm. With more productive firms paying higher wages, monopsony power dampens the impact of firm … wages on the right side of the distribution. Nevertheless, inequality in the open economy is always higher than in autarky …
Persistent link: https://www.econbiz.de/10012865167
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Exporting and Offshoring with Monopsonistic Competition
Egger, Hartmut - 2019
and the offshoring of tasks. At the firm-level, exporting leads to higher wages and employment, while offshoring of … production tasks reduces the wages paid to unskilled workers as well as their domestic employment. At the aggregate level, trade … firms restrict employment to keep wages low, resulting in too many firms that are on average too small. Offshoring on the …
Persistent link: https://www.econbiz.de/10012865164
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Immigration and Worker-Firm Matching
Orefice, Gianluca - 2020
The process of matching between firms and workers is an important mechanism in determining the distribution of wages …
Persistent link: https://www.econbiz.de/10012838239
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Naturalization and Labor Market Performance of Immigrants in Germany
Riphahn, Regina T. - 2018
Naturalization may be a relevant policy instrument affecting immigrant integration in host-country labor markets. We study the effect of naturalization on labor market outcomes of immigrants in Germany. We apply recent survey data and exploit a reform of naturalization rules in an instrumental...
Persistent link: https://www.econbiz.de/10012908608
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Estimating Labor Market Slack, U.S. 1994-2019
Komlos, John - 2019
U3, the official unemployment rate, is an inadequate gauge of labor-market slack and the extent to which it misinforms varies substantially over the business cycle. The U6 unemployment rate is usually about 4 percentage points above U3. However, during the Great Recession it exceeded U3 by 7...
Persistent link: https://www.econbiz.de/10012859048
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Teacher Labor Market Equilibrium and Student Achievement
Bates, Michael; Dinerstein, Michael; Johnston, Andrew C.; … - 2022
We study whether reallocating existing teachers across schools within a district can increase student achievement, and what policies would help achieve these gains. Using a model of multidimensional value-added, we find meaningful achievement gains from reallocating teachers within a district....
Persistent link: https://www.econbiz.de/10013306849
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Cyclical Earnings, Career and Employment Transitions
Carrillo-Tudela, Carlos; Visschers, Ludo; Wiczer, David - 2022
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10014243686
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Congestion in the Electricity Transmission System Redistributes Pollution Across Long Distances
Johnson, Erik - 2020
Electricity transmission redistributes environmental impacts across space. We exploit episodes of high electricity transmission system congestion to explore changes in ambient concentrations of air pollutants in the eastern United States. Reducing electricity system congestion decreases ozone...
Persistent link: https://www.econbiz.de/10012825399