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Barriers to outsourcing that are being currently implemented in the US effectively tax its companies who "export" jobs through outsourcing. The objective is to raise domestic employment. Given that many of the important international markets where the US has a comparative advantage feature...
Persistent link: https://www.econbiz.de/10013131419
Economists have devoted substantial attention to firms' supply of variety, but little to consumers' demand for variety. Employing the framework of home production, we trace differences in demand to differences in the opportunity costs of activities, which are associated with investments in human...
Persistent link: https://www.econbiz.de/10012777023
This paper explores the influence of wage and price staggering on monetary persistence. We show that, for plausible parameter values, wage and price staggering are complementary in generating monetary persistence. We do so by proposing the new measure of quantitative inertia, after discussing...
Persistent link: https://www.econbiz.de/10013316832
understand the link between institutions and an economy's productivity distribution …
Persistent link: https://www.econbiz.de/10013129918
This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm …-country differences in key economic outcomes, such as productivity or output per capita, to differences in policies and institutions that … determinants of productivity at the firm-level and the evolution of the distribution of productivity across firms within each …
Persistent link: https://www.econbiz.de/10013153504
minimum wage increased aggregate productivity in manufacturing. We do not find that employment reallocation across firms …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 …
Persistent link: https://www.econbiz.de/10014350440
droughts, and are consequently unable to cope fully with the adverse agricultural productivity shock. Our findings can be …
Persistent link: https://www.econbiz.de/10013217913
survey in India to estimate the effect of agricultural productivity shocks – as proxied by exogenous annual rainfall … child labor across a range of work activities. Additionally, we show that productivity-enhancing inputs such as land … market imperfections (in labor and land markets). We also find that the effects of productivity shocks are reinforced for …
Persistent link: https://www.econbiz.de/10012829929
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10013104935
Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if the adoption of the CB monetary system, which involves the cost of loosing monetary autonomy, has provided a relatively better (with respect to other CEEC) monetary integration...
Persistent link: https://www.econbiz.de/10013315999