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Using transaction data for the U.S., this paper presents a series of stylized facts on exporters in services industries. We find that most of the basic facts on manufacturing exporters extend to the services sectors with three important differences. First, the participation rate of services...
Persistent link: https://www.econbiz.de/10012182089
This paper finds that U.S. consumer prices fell substantially due to increased trade with China. With comprehensive price micro-data and two complementary identification strategies, we estimate that a 1pp increase in import penetration from China causes a 1.91% decline in consumer prices. This...
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heterogeneity. We find smaller labor and capital distortions across exporting firms; such distortions are even smaller in sectors …
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This paper examines the effect of a change in U.S. trade policy on the domestic investment of U.S. manufacturers. Using a difference-in-differences identification strategy, we find that industries more exposed to reductions in import tariff uncertainty exhibit relative declines in investment...
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Deadlines and fixed end dates are pervasive in matching markets including school choice, the market for new graduates … matching literature. I consider a two-sided matching market with search frictions where vertically differentiated agents … point in time, the market is segmented into a first class of matching agents and a second class of waiting agents. This …
Persistent link: https://www.econbiz.de/10011499760
We estimate a partial and general equilibrium search model in which firms and workers choose how much time to invest in both general and match-specific human capital. To help identify the model parameters, we use NLSY data on worker training and we match moments that relate the incidence and...
Persistent link: https://www.econbiz.de/10011578505
search and matching frictions in the labour market to these empirical responses. As in the data, an increase in commodity …) approach of modelling search and matching frictions and the alternating offer bargaining model suggested by Hall (2008) …
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