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We analyze the effects of the unprecedented rise in trade between Germany and "the East" - China and Eastern Europe … and export exposure. We find that the rise of "the East" in the world economy caused substantial job losses in German … regions specialized in import-competing industries, both in manufacturing and beyond. Regions specialized in export …
Persistent link: https://www.econbiz.de/10009558995
exporting on firms' labor demand. Using rich, administrative linked employer-employee panel data from Germany, we explicitly … control for issues of self-selection and endogeneity in the firms' decisions to export by providing fixed effects and …
Persistent link: https://www.econbiz.de/10009771744
In this paper we conduct a theoretical analysis of the implications of a union which can exploit the existence of firm labour adjustment costs. We consider a model involving a large number of identical firms facing a single, economy-wide union. We solve (i) for the Markov perfect equilibria with...
Persistent link: https://www.econbiz.de/10011339692
Starting in mid-2007, the global financial crisis quickly metamorphosed from the bursting of the housing bubble in the US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms of the causes, consequences and policy responses, this...
Persistent link: https://www.econbiz.de/10003962631
"According to the "compensation theory", market forces should assure a complete compensation of the initial labour-saving impact of process innovations. In this paper a critique of this approach is proposed through a detailed survey of the theoretical and empirical literature on the subject. The...
Persistent link: https://www.econbiz.de/10003451834
Real exchange rate movements are important drivers of the reallocation of resources between sectors of the economy. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition and with the technology level. This paper...
Persistent link: https://www.econbiz.de/10003847163
There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...
Persistent link: https://www.econbiz.de/10003959141
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being a prime contributor to the slump. We estimate that...
Persistent link: https://www.econbiz.de/10010528574
We analyze whether regional labor markets are affected by expo- sure to import competition from China. We find negative employment effects for low-skilled workers, and observe that low-skilled workers tend to be pushed into unemployment or leave the labor force altogether. We find no evidence of...
Persistent link: https://www.econbiz.de/10010381887
We analyse the effects of imports on employment and earnings by distinguishing between import competition in final products and firms' use of imports in production (offshoring). We use Finnish worker-firm data merged with product-level trade data. We focus on Chinese imports and instrument them...
Persistent link: https://www.econbiz.de/10011500656