Showing 1 - 10 of 1,407
Disaggregated data from 30 two-digit manufacturing industries in the east and west parts of unified Germany are used to estimate employment for three skill categories of blue collar workers. Employment elasticities are uniformly higher in the east, and for unskilled labor. The former result...
Persistent link: https://www.econbiz.de/10014398743
A reduction in the legal workweek may induce a degree of downward wage flexibility, while an employment subsidy to firms accommodates downward wage rigidity. It may be possible, therefore, to increase employment with a policy that combines a reduction in the workweek with an employment subsidy....
Persistent link: https://www.econbiz.de/10014400528
The paper provides an empirical investigation of labor market pooling. The analysis concentrates on Italian industrial districts and shows that there is scattered evidence of a widespread wage premium. In particular, there is no evidence of district differentials for the returns to seniority...
Persistent link: https://www.econbiz.de/10014399936
Based on stylized evidence showing variation of the Gini coefficient of income inequality across skill cohorts and on the rapid rise in trade in technology-intensive goods, the ripple effects of technology transmission and income inequality are explored in a global Computable General Equilibrium...
Persistent link: https://www.econbiz.de/10014400228
This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the...
Persistent link: https://www.econbiz.de/10014400979
This paper draws on existing empirical literature and an original theoretical model to argue that globalization and skill supply affect the extent to which technology adoption in developing countries favors skilled workers. Developing countries are experiencing technical change that is...
Persistent link: https://www.econbiz.de/10014395381
operating mainly in domestic markets. On the back of a trend increase in production offshoring, investment by large companies …
Persistent link: https://www.econbiz.de/10011373921
Non-deliverable forward (NDF) markets in many Asian emerging market currencies are large, rapidly growing, and often exceed onshore markets in transaction volume. NDFs tend to price significant depreciation during market stress episodes including COVID-19. Spillovers from NDFs to onshore markets...
Persistent link: https://www.econbiz.de/10012301975
Existing studies on the downward trend in the labor share of income mostly focus on changes within individual countries. I document, however, that half of the global decline in the labor share of income can be traced to the relocation of activities between countries. I develop a two-country...
Persistent link: https://www.econbiz.de/10012102085
This paper estimates the effects of offshoring on productivity in U.S. manufacturing industries between 1992 and 2000 …, using instrumental variables estimation to address the potential endogeneity of offshoring. It finds that service offshoring … during this period. Offshoring material inputs also has a positive effect on productivity, but the magnitude is smaller …
Persistent link: https://www.econbiz.de/10014401505