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Immigration, Family Responsibilities and the Labor Supply of Skilled Native Women
Farré, Lidia - 2009
This paper investigates the effects of Spain's large recent immigration wave on the labor supply of highly skilled native women. We hypothesize that female immigration led to an increase in the supply of affordable household services, such as housekeeping and child or elderly care. As a result,...
Persistent link: https://www.econbiz.de/10013158120
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Predictability of Asset Returns and the Efficient Market Hypothesis
Pesaran, M. Hashem - 2010
This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...
Persistent link: https://www.econbiz.de/10013141228
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Redistributive Politics and Market Efficiency : An Experimental Study
Großer, Jens - 2011
We study the interaction between competitive markets that produce large but unequally distributed welfare gains and elections through which the poor majority can redistribute income away from the rich minority. In our simple laboratory democracy, subjects first earn their income by trading in a...
Persistent link: https://www.econbiz.de/10013134222
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National Champion versus Foreign Takeover
Suedekum, Jens - 2021
We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...
Persistent link: https://www.econbiz.de/10013316871
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Barriers to Entry, Deregulation and Workplace Training
Bassanini, Andrea; Brunello, Giorgio - 2021
deregulation reduces profits per unit of output, and thereby reduces training. On the other hand, the number of firms increases … results are unambiguous and show that an increase in product market deregulation generates a sizeable increase in training …
Persistent link: https://www.econbiz.de/10013317117
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Minimum Wages, Productivity, and Reallocation
Haelbig, Mirja; Mertens, Matthias; Müller, Steffen - 2023
We study the productivity effect of the German national minimum wage by applying administrative firm data. At the firm … level, we confirm positive effects on wages and negative employment effects and document higher productivity even net of … minimum wage increased aggregate productivity in manufacturing. We do not find that employment reallocation across firms …
Persistent link: https://www.econbiz.de/10014350440
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Technological Change, Firm Heterogeneity and Wage Inequality
Cortes, Guido Matias; Lerche, Adrian; Schönberg, Uta; … - 2023
We argue that skill-biased technological change not only affects wage gaps between skill groups, but also increases wage inequality within skill groups, across workers in different workplaces. Building on a heterogeneous firm framework with labor market frictions, we show that an industry-wide...
Persistent link: https://www.econbiz.de/10014357939
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Foreign Direct Investment and Knowledge Diffusion in Poor Locations
Abebe, Girum - 2020
. Spillovers from FDI are identified by comparing changes in total factor productivity (TFP) among domestic plants in districts …
Persistent link: https://www.econbiz.de/10012829230
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Spillovers and Substitutability in Production
Papps, Kerry L. - 2019
Can the existence of positive productivity spillovers between co-workers be explained by the presence of …
Persistent link: https://www.econbiz.de/10012870242
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The Fall of the Labor Share and the Rise of Superstar Firms
Autor, David H. - 2017
The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...
Persistent link: https://www.econbiz.de/10012956029