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Large international differences in the price of labor can be sustained by differences between workers, or by natural … and policy barriers to worker mobility. We use migrant selection theory and evidence to place lower bounds on the ad ….S. immigrant workers and workers in their 42 home countries. The average price equivalent of migration barriers in this setting …
Persistent link: https://www.econbiz.de/10011454010
This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health …
Persistent link: https://www.econbiz.de/10012314696
The paper contributes to the globalization debate by scrutinizing the international spillover effects which are provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For this purpose a two-country model with imperfect...
Persistent link: https://www.econbiz.de/10011404156
. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition …
Persistent link: https://www.econbiz.de/10003847163
Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests that the fixed exchange-rate policy adopted by Italy in the 1997-2000 period has reduced the real hourly wage growth of Italian fulltime workers with permanent contracts, on...
Persistent link: https://www.econbiz.de/10010457884
test for cointegrating relationships corresponding to the patterns predicted by theory. We confirm episodes of expansion of …
Persistent link: https://www.econbiz.de/10003722146
decreases in the source-country price level and that the absolute magnitude of both relationships increases as the time to … respect to the nominal exchange rate and with respect to the source-country price level are both close to unity. Moreover, as …
Persistent link: https://www.econbiz.de/10011886875
The paper assesses the global effects of brain drain on developing economies and quantifies the relative sizes of various static and dynamic impacts. By constructing a unified generic framework characterized by overlapping-generations dynamics and calibrated to real data, this study incorporates...
Persistent link: https://www.econbiz.de/10003860334
Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive...
Persistent link: https://www.econbiz.de/10003901986
Commodity price increases associated with the entry of China, India and other countries into the world economy has led …'s likelihood rises with the relative commodity price and labor inflow; iii) a labor inflow under internal equilibrium results in a …
Persistent link: https://www.econbiz.de/10003961657