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Firm Dynamics and Residual Inequality in Open Economies
Felbermayr, Gabriel J.; Impullitti, Giammario; Prat, Julien - CESifo - 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/10010877715
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Capacity Constraining Labor Market Frictions in a Global Economy
Holzner, Christian; Larch, Mario - CESifo - 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/10009320777
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Unemployment in an Interdependent World
Felbermayr, Gabriel J.; Larch, Mario; Lechthaler, Wolfgang - CESifo - 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/10008583684
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The Distributional Consequences of Supply-Side Reforms in General Equilibrium
Angelopoulos, Konstantinos; Fernandez, Bernardo X.; … - CESifo - 2011
can thus increase inequality in the long-run. Depending on the elasticity of substitution between capital and unskilled … show that including the transition period in the welfare evaluation lowers the inequality effects of capital tax reduc …
Persistent link: https://www.econbiz.de/10009144878
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Capacity Constraining Labor Market Frictions in a Global Economy
Holzner, Christian - 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/10013119834
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Unemployment in an Interdependent World
Felbermayr, Gabriel J. - 2010
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/10013150804
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Comparative Advantage and Skill-Specific Unemployment
Larch, Mario; Lechthaler, Wolfgang - 2021
real wages and unemployment levels in the unskilled labor intensive sector. However, the inequality of workers between …
Persistent link: https://www.econbiz.de/10013316328
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Comparative Advantage and Skill-Specific Unemployment
Larch, Mario; Lechthaler, Wolfgang - CESifo - 2009
real wages and unemployment levels in the unskilled labor intensive sector. However, the inequality of workers between …
Persistent link: https://www.econbiz.de/10005013939
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Per Capita Income and the Demand for Skills
Caron, Justin - 2017
Almost all of the literature about the growth of income inequality and the relationship between skilled and unskilled …
Persistent link: https://www.econbiz.de/10012952408
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International Trade and Unemployment: A Quantitative Framework
Heid, Benedikt; Larch, Mario - CESifo - 2012
Quantifying the welfare effects of trade liberalization is a core issue in international trade. Existing frameworks assume perfect labor markets and therefore ignore the effects of aggregate employment changes for welfare. We develop a quantitative trade framework which explicitly models labor...
Persistent link: https://www.econbiz.de/10010877646