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also show that import penetration has a significant and negative impact on industry wage differentials whatever the country … wages is found to be significantly bigger when the latter come from low-income countries than from high-income countries. …
Persistent link: https://www.econbiz.de/10010278541
We investigate the impact of offshoring on individual level wages and unemployment probabilities and pay particular … significant reduction in wages as materials offshoring increases, while permanent workers' wages are unaffected or even tend to … effects on either wages or employment probabilities in manufacturing. In the service industries, workers are affected in terms …
Persistent link: https://www.econbiz.de/10010289853
This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import …-competitive effects of import penetration on the domestic industry disappear in the long run. The predictions for the short run are …
Persistent link: https://www.econbiz.de/10010271260
rather than negative. The latter finding entails substantial increases in mean wages and reduction in wage inequality …
Persistent link: https://www.econbiz.de/10010261853
resolution of uncertainty and option values, the internal rate of return - a cornerstone of classical human capital theory - is …
Persistent link: https://www.econbiz.de/10010274219
This paper reviews the literature on two-sided atomeless assignment models of workers to tasks. Using simple parametric examples, the fundamental differences between the comparative advantage and the scale of operations models are illustrated. Holding the distributions of abilities and tasks and...
Persistent link: https://www.econbiz.de/10010268930
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10010277016
This paper contributes to the debate on the effects of trade versus technological change on wage differentials. We propose an explanation of the stylized facts which is based on interactions between openness and technological change because of labor market institutions and government...
Persistent link: https://www.econbiz.de/10010262449
particular, minimum wages can induce defensive innovations which then redistribute income away from workers. Suggestive empirical …
Persistent link: https://www.econbiz.de/10010262794
In this paper, we study gains and losses that accrue to natives because of immigration. The gain on the aggregated level is called the ?immigration surplus?, which can be seen as analogous to a consumer surplus. We derive changes in the earnings of native owners of production factors by...
Persistent link: https://www.econbiz.de/10010261625