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unions. In order to discourage mobile firms from leaving the country, unions accept lower sector wages. In effect, the …
Persistent link: https://www.econbiz.de/10003966443
-paying jobs are rationed due to (i) oligopolistic market structures, (ii) insider-oriented unions and (iii) international …. It is shown that the negative effects dominate if trade unions are sufficiently insider-oriented. -- relocation …
Persistent link: https://www.econbiz.de/10009500752
Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger incentives to train and upgrade their skills and/or may benefit from more rapid careers. Hence, the...
Persistent link: https://www.econbiz.de/10008697164
The US labour market has experienced a remarkable polarization in the 1980s and 1990s. Moreover, recent empirical work has documented a sharp increase in the wealth to income ratio in that period. Contemporary to these inequality trends, the US faced a fast technological catch-up as European...
Persistent link: https://www.econbiz.de/10010417976
This paper identifies globalization as a factor behind the rapid increase in executive compensation and inequality over the last few decades. Employing comprehensive data on top executives at major U.S. companies, we show that compensation is higher at more global firms. We find that pay...
Persistent link: https://www.econbiz.de/10011741873
I analyze the impact of a low-wage trade shock on manufacturing workers in a high-wage country, Denmark, and how they adjust to the shock over a decade across all potential adjustment margins, in the labor market and outside. My research illustrates the importance of industry-specific human...
Persistent link: https://www.econbiz.de/10011569615
institutional channel for the political effects of trade shocks: the weakening of labor unions. We provide support for this … mechanism in two steps. First, we show that union presence - proxied by the number of workers directly employed by unions, by … political parties with historical links to unions. Furthermore, the impact of the trade liberalization on the vote share of …
Persistent link: https://www.econbiz.de/10012668994
We propose a short-run theory of the extensive margins of trade, comprising the standard international extensive margin and a novel domestic extensive margin. The domestic extensive margin allows identification of globalization and specific policy effects not properly identified in previous...
Persistent link: https://www.econbiz.de/10013285497
wage premium, and it may also increase welfare. -- globalisation ; unions ; non-traded goods ; general oligopolistic …We study how two distinct forms of globalisation, trade cost reductions and opening up of trade in previously shielded … equilibrium (GOLE) with partly unionised labour markets. We find that both forms of globalisation increase union coverage, and …
Persistent link: https://www.econbiz.de/10009011927
This paper combines two of the most central features of modern labor markets —immigrants and unions —to examine the … and the careers of incumbent workers. First, unions push immigrants to enter lower-paying and lower-quality firms with …
Persistent link: https://www.econbiz.de/10015048376