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Through panel estimates using OECD country-industry statistics, this paper aims to clarify the determinants of rent creation and the mechanisms of rent sharing, and the role of market regulations in these processes. The empirical analysis is carried out in two steps. The first explains the rent...
Persistent link: https://www.econbiz.de/10009534964
This paper investigates the relationship between the capital share in national income and personal income inequality over the long run. Using a new historical cross-country database on capital shares in 19 countries and data from the World Wealth and Income Database, we find strong long-run...
Persistent link: https://www.econbiz.de/10011408188
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
a prime contributor to the slump. We estimate that import competition from China, which surged after 2000, was a major …
Persistent link: https://www.econbiz.de/10010528574
We evaluate the duration of the China trade shock and its impact on a wide range of outcomes over the period 2000 to … - similar to those caused by the decline of employment in coal production since the 1980s, indicating that the China trade shock … holds lessons for other episodes of localized job loss. Import competition from China induced changes in income per capita …
Persistent link: https://www.econbiz.de/10012653204
Do firms in China share rents with their workers? We address this question by examining firm-level panel data covering … importance, RS in China is smaller and more symmetric than in developed economies, which reflects the weaker bargaining power of …
Persistent link: https://www.econbiz.de/10011985679
This paper uses detailed production data from a half million Chinese manufacturing plants over 1998-2007 to estimate the effects of temperature on firm-level total factor productivity (TFP), factor inputs, and output. We detect an inverted U- shaped relationship between temperature and TFP and...
Persistent link: https://www.econbiz.de/10011760107
Does higher import competition increase formalization and aggregate productivity? Exploiting plausibly exogenous variation from Chinese imports, we provide empirical causal evidence that higher imports increases the share of formal manufacturing enterprise employment in India. This formal share...
Persistent link: https://www.econbiz.de/10013470223
respond to manufacturing job loss caused by import competition from China. Although foreign-born population headcounts fell by …
Persistent link: https://www.econbiz.de/10015046089
During the second part of the 1990s, the Israeli economy experienced a surge in labor productivity and total factor productivity, which was driven primarily by the manufacturing sector. This surge in productivity coincided with the full absorption and integration into the workforce of highly...
Persistent link: https://www.econbiz.de/10003729419