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This paper explores the quantitative consequences of transatlantic trade liberalization envisioned in a Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a new quantitative spatial trade model and to use an...
Persistent link: https://www.econbiz.de/10013023010
Both policy makers and researchers have devoted considerable attention in recent years to the large current account and capital account imbalances among OECD countries. In particular, the size of the United States current account deficit has attracted intense attention and spawned numerous...
Persistent link: https://www.econbiz.de/10013317118
Commodity price increases associated with the entry of China, India and other countries into the world economy has led to increased pressure on common-property renewable natural resources (NR). The problem is particularly worrisome for economies that obtain a large share of their income from the...
Persistent link: https://www.econbiz.de/10013143683
We use an original panel dataset of migrant departures from the Philippines to identify the responsiveness of migrant numbers and wages to GDP shocks in destination countries. We find a large significant elasticity of migrant numbers to GDP shocks at destination, but no significant wage...
Persistent link: https://www.econbiz.de/10013107220
Employment rates in the United States fell dramatically between February 2020 and April 2020 as the initial repercussions of the COVID-19 pandemic reverberated through the labor market. This paper uses data from the CPS Basic Monthly Files to document that the employment decline was particularly...
Persistent link: https://www.econbiz.de/10012833269
-Czech border, we examine the impact of an exogenous immigration-induced labor supply shock on local wages and employment of natives …. On average, the supply shock leads to a moderate decline in local native wages and a sharp decline in local native …
Persistent link: https://www.econbiz.de/10012985287
. Using a household fixed effects regression model, we find that while a drought shock increases the likelihood of migration … trade-off between two effects of a shock for a household: loss of income and increase in the need of labor services. We show … that migration increases when the former effect of a shock dominates, it reduces when the latter effect dominates. We …
Persistent link: https://www.econbiz.de/10013250256
The quality of workers in a country positively relates to productivity of firms, adoption of new technologies, and growth. This paper studies adjustments of Italian firms to negative labor supply shocks in the context of workers' outflows from Italy to Switzerland. My diff-in-diff leverages the...
Persistent link: https://www.econbiz.de/10014030839
Previous literature shows that internal migration rates are strongly procyclical. This would seem to imply that geographic relocation does not help mitigate negative local economic shocks during recessions. This paper shows that this is not the case. I document that net in-migration rates...
Persistent link: https://www.econbiz.de/10013028151
We analyze the first data set on consistently defined functional urban areas in Europe and compare the European to the US urban system. City sizes in Europe do not follow a power law: the largest cities are "too small" to follow Zipf's law
Persistent link: https://www.econbiz.de/10013023013