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Firm Dynamics and Residual Inequality in Open Economies
Felbermayr, Gabriel J.; Impullitti, Giammario; Prat, Julien - 2014
Increasing wage inequality between similar workers plays an important role for overall inequality trends in … trade with heterogeneous firms and homogeneous workers. Wage inequality across and within firms results from their different … Hartz labor market reforms account for the sharp increase in residual inequality observed in the data. By contrast …
Persistent link: https://www.econbiz.de/10010333392
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Unemployment in an interdependent world
Felbermayr, Gabriel J.; Larch, Mario; Lechthaler, Wolfgang - 2009
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10010266008
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Capacity constraining labor market frictions in a global economy
Holzner, Christian; Larch, Mario - 2011
Convex vacancy creation costs shape firms' responses to trade liberalization. They induce capacity constraints by increasing firms' cost of production, leading a profit maximizing firm not to fully meet the increased foreign demand. Hence, firms will only serve a few export markets. More...
Persistent link: https://www.econbiz.de/10010278888
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The Pro-Competitive Consequences of Trade in Frictional Labor Markets
Firooz, Hamid - 2023
inequality rise almost three times more than in a model with constant markups (in the steady state). The presence of labor market …
Persistent link: https://www.econbiz.de/10014469360
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Financial Development and Inequality in the Global Economy
von Ehrlich, Maximilian; Seidel, Tobias - 2016
development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage … inequality and unemployment. In contrast, if there are many highproductive firms (those that export), financial development may … have opposite effects - especially if trade costs are low. In sum, the implications of financial development for inequality …
Persistent link: https://www.econbiz.de/10011451391
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Unemployment and Tax Design
Hummel, Albert Jan - 2021
This paper studies optimal income taxation in an environment where matching frictions generate a trade-off for workers between high wages and low unemployment risk. A higher marginal tax rate shifts the trade-off in favor of low unemployment risk, whereas a higher tax burden or unemployment...
Persistent link: https://www.econbiz.de/10012657883
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Strategic Limitation of Market Accessibility: Search Platform Design and Welfare
Teh, Christopher; Wang, Chengsi; Watanabe, Makoto - 2023
This paper explores the relationship between market accessibility and various participants' welfare in an intermediated directed-search market. For a general class of meeting technologies, we provide a necessary and sufficient condition under which efficiency requires imperfect accessibility,...
Persistent link: https://www.econbiz.de/10014377481
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How Wage Announcements Affect Job Search - A Field Experiment
Belot, Michèle; Kircher, Philipp; Muller, Paul - 2018
We study how job seekers respond to wage announcements by assigning wages randomly to pairs of otherwise similar vacancies in a large number of professions. High wage vacancies attract more interest, in contrast with much of the evidence based on observational data. Some applicants only show...
Persistent link: https://www.econbiz.de/10011932052
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Are Your Labor Shares Set in Beijing? The View through the Lens of Global Value Chains
Reshef, Ariell; Santoni, Gianluca - 2022
We study the evolution of labor shares in 1995-2014, while taking into account international trade based on value added concepts. Declines in labor shares accelerate in 2001-2007, concurrently with global value chain (GVC) integration, after which there is no trend for both. We develop a...
Persistent link: https://www.econbiz.de/10013353447
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Automation, Global Value Chains and Functional Specialization
Fontagné, Lionel; 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/10014290191