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This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973-1999, using data for hourly nominal earnings at industry level. Based on a nonparametric statistical method, which allows for country and year specific variation in both the median...
Persistent link: https://www.econbiz.de/10010264120
Recent micro studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries, but the effect on aggregate variables remains disputed. Using data for hourly nominal wages, we explore the existence of DNWR on wages at the industry level in 19 OECD...
Persistent link: https://www.econbiz.de/10010264139
This paper analyzes the implications of effective taxation of labor for profits and, hence, the location decision of a multinational enterprise. We set up a stylized partial equilibrium model and, presuming that worker effort is a function of net wages, assume that a higher employee-borne tax...
Persistent link: https://www.econbiz.de/10010264367
A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries. However, DNWR for individual workers may induce downward rigidity or a floor" for the aggregate wage growth at positive or negative levels. Aggregate wage growth may...
Persistent link: https://www.econbiz.de/10010264564
their profitability in different countries and products, but learn it as they start to export. As a consequence, exporters …, we find empirical support consistent with such a mechanism, where firms learn from their initial export experiences and …
Persistent link: https://www.econbiz.de/10013224082
improve the ability of firms in developing countries to break into export markets. A Northern firm with a superior process …
Persistent link: https://www.econbiz.de/10010264489
this theoretical and empirical puzzle by diagnosing a "pathological export boom" and a "bazaar effect". Excessively high … fraction of the labour intensive sectors and drive too much capital and labour into the capital intensive export sectors … upstream production activities which implies that export quantities grow too much in relation to value added contained in …
Persistent link: https://www.econbiz.de/10010265702
Manufacturing accounts for more than three-quarters of U.S. corporate patents. The competitive shock to this sector emanating from China's economic ascent could in theory either augment or stifle U.S. innovation. Using three decades of U.S. patents matched to corporate owners, we quantify how...
Persistent link: https://www.econbiz.de/10012861408
France has seen a marked deterioration in its export performance in the last 10 years or so. Previous empirical … research pointed out that weak export performance was due to i) vigorous domestic demand; ii) lower mark-ups due to head …-to-head competition with Germany; iii) low non-price competitiveness of French export goods; iv) offshoring of entire production processes …
Persistent link: https://www.econbiz.de/10010273872
Using annual data on nine manufacturing sectors of eighteen OECD countries, the article studies the implications of market structure for cross-country relative price variability. It is found that, in accordance with predictions from a standard markup pricing model, reductions in market...
Persistent link: https://www.econbiz.de/10010261182