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vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real …
Persistent link: https://www.econbiz.de/10003996447
The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...
Persistent link: https://www.econbiz.de/10011473881
This paper studies the impact of outsourcing on individual wages in three European countries with markedly different labour market institutions: Germany, the UK and Denmark. To do so we use individual level data sets for the three countries and construct comparable measures of outsourcing at the...
Persistent link: https://www.econbiz.de/10003640083
This paper investigates the effects of services offshoring on wages using individual level data combined with industry … information on offshoring. Our results show that services ofsshoring affects the real wage of low and medium skilled individuals … negatively. By contrast, skilled workers benefit from services offshoring in terms of higher real wages. Hence, offshoring has …
Persistent link: https://www.econbiz.de/10003729648
The economic effects of offshoring have been subject to extensive empirical analysis in the past, but many studies have … not accurately distinguished between offshoring, domestic outsourcing, and the substitution of domestic by foreign … suppliers. In this study I provide stylized facts on offshoring in Europe between 1995 and 2008 taking into account this …
Persistent link: https://www.econbiz.de/10009570478
The paper elaborates on the employment intensity of growth. Previous evidence regarding this question is surveyed … that the employment intensity of growth is influenced by the country's wage setting process, the share of the service …
Persistent link: https://www.econbiz.de/10011474618
This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian externalities and other intra- and inter-regional spillovers...
Persistent link: https://www.econbiz.de/10003864488
How inflation and unemployment are related in both the short run and long run is perhaps the key question in macroeconomics. This paper tests various price equations using quarterly U.S. data from 1952 to the present. Issues treated are the following. 1) Estimating price and wage equations in...
Persistent link: https://www.econbiz.de/10003485052
This paper argues that there is a nonzero inflation-unemployment tradeoff in the long-run due to frictional growth, a phenomenon that encapsulates the interplay of nominal staggering and money growth. The existence of a downward-sloping long-run Phillips curve suggests the development of a...
Persistent link: https://www.econbiz.de/10003485605
should also incorporate the cost of generating and maintaining long-term employment relationships, along with conventional …
Persistent link: https://www.econbiz.de/10003485608