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Globalisation and the decoupling of inflation from domestic labour costs
Kohlscheen, Emanuel; Moessner, Richhild - 2021
We provide novel systematic cross-country evidence that the link between domestic labour markets and CPI inflation has weakened considerably in advanced economies during recent decades. The central estimate is that the short-run pass-through from domestic labour cost changes to core CPI...
Persistent link: https://www.econbiz.de/10012612957
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Low skill but high volatility?
Buch, Claudia M.; Pierdzioch, Christian - 2009
Globalization may impose a double-burden on low-skilled workers. On the one hand, the relative supply of low … test the predictions of the model. Our results show that greater financial globalization and development increases the … dampening impact. -- labor-market volatility ; skill levels ; financial globalization …
Persistent link: https://www.econbiz.de/10003850520
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Exports, unemployment and the welfare state
Janeba, Eckhard (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497526
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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/10009307959
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International fragmentation : boon or bane for domestic employment?
Egger, Hartmut (contributor); Kreickemeier, Udo (contributor) - 2005
In this paper, we introduce the fairness approach to efficiency wages into a standard model of international fragmentation. This gives us a theoretical framework in which wage inequality and unemployment rates are co-determined and therefore the public concern can be addressed that international...
Persistent link: https://www.econbiz.de/10003204008
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The twin effects of globalization : evidence from a sample of Indian manufacturing firms
Daveri, Francesco; Manasse, Paolo; Serra, Danila - 2010
sample of Indian manufacturing firms. -- globalization ; uncertainty ; training ; labor markets ; India … with globalization may be twin to each other. We provide statistical evidence of this so far neglected trade-off for a …
Persistent link: https://www.econbiz.de/10008697164
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Corporate Social Responsibility along the global value chain
Herkenhoff, Philipp; Krautheim, Sebastian; Semrau, Finn Ole - 2021
Firms are under increasing pressure to meet stakeholders’ demand for Corporate Social Responsibility (CSR) along their global value chains. We study the incentives for and investments in CSR at different stages of the production process. We analyze a model of sequential production with...
Persistent link: https://www.econbiz.de/10012796989
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Long-term employment relations when agents are present biased
Englmaier, Florian; Fahn, Matthias; Schwarz, Marco A. - 2016
We analyze how agents' present bias affects optimal contracting in an infinite-horizon employment setting. The principal maximizes profits by offering a menu of contracts to naive agents: a virtual contract - which agents plan to choose in the future - and a real contract which they end up...
Persistent link: https://www.econbiz.de/10011557767
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Flexicurity in Belgium : a proposal based on economic principles
Cockx, Bart; Van der Linden, Bruno - 2009
The current unemployment insurance and employment protection legislation were set up in an environment in which relationships between workers and firms were typically long-lasting and stable. The increasing globalisation of the economy and the rapid technological and organisational changes...
Persistent link: https://www.econbiz.de/10003850508
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Use and abuse of authority : a behavioral foundation of the employment relation
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2013
Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...
Persistent link: https://www.econbiz.de/10009690725