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more pronounced; and (ii) in Brazil, the introduction of inflation targeting by the Central Bank in 1999 shifts the focal …, Brazil and Uruguay, relying on high quality matched employer-employee administrative data. Downward nominal wage rigidities … are more important in Uruguay, while wage indexation is dominant in Brazil. Two regime changes are observed during the …
Persistent link: https://www.econbiz.de/10009309697
progessivity (affecting higher income households more) of inflation experienced by households between April 2021 and July 2023 …. Despite a growing literature on the distributional impact of inflation, there is limited evidence on gender differentials. We … gender dimension to assess gender differences in inflation regressivity or progressivity, isolate the average inflation rate …
Persistent link: https://www.econbiz.de/10014495897
In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to …. In addition, during the energy crisis 2022 inflation rates rose dramatically and real wages dropped more than in any …
Persistent link: https://www.econbiz.de/10014545082
Since the demise of the Bretton Woods system, the yen has seen several episodes of strong appreciation, including in the late 1970s, after the 1985 Plaza Agreement, the early and late 1990s and after 2008. These appreciations have not only been associated with "expensive yen recessions"...
Persistent link: https://www.econbiz.de/10012099480
This paper investigates whether the increasing "residual wage inequality" trend is related to manufacturing decline and the influx of low-skilled immigrants. There is a vast literature arguing that technological change, international trade, and institutional factors have played a significant...
Persistent link: https://www.econbiz.de/10011283167
This paper examines the impact of manufacturing employment decline on the socio-economic outcomes within and between black and white Americans from 1960 to 2010. Exploiting variation across cities and over time, the analysis shows that manufacturing decline negatively impacted blacks (men,...
Persistent link: https://www.econbiz.de/10011874825
We investigate the employment consequences of deindustrialization for 1,993 cities in France, Germany, Great Britain … number of cities was able to adapt to the negative shock caused by deindustrialization. The U.S. has the lowest share … then seek to understand why some former manufacturing hubs recovered while others didn't. We find that deindustrialization …
Persistent link: https://www.econbiz.de/10014442576
We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10011410954
Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher-Ohlin model using industry data on 44 developed and developing...
Persistent link: https://www.econbiz.de/10010221543
African agriculture's importance for sustainable development is well appreciated. Indeed, recent years have seen a thorough reappraisal of the sector. What are less well understood, however, are the drivers that reallocate scarce human and physical resources across occupations and space, and...
Persistent link: https://www.econbiz.de/10011388301