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We investigate the role of industry specialization in horizontal cross-border mergers and acquisitions. We find that acquirers from more specialized industries in a country are more likely to buy foreign targets in countries that are less specialized in these same industries. The role of...
Persistent link: https://www.econbiz.de/10012978843
A growing literature suggests that high-income countries export high-quality goods. Two hypotheses may explain such specialization, with different implications for welfare, inequality, and trade policy. Fajgelbaum, Grossman, and Helpman (2011) formalize the Linder hypothesis that home demand...
Persistent link: https://www.econbiz.de/10012980681
were adopted by an ever growing number of industries, industrialization became concentrated in cities throughout the …
Persistent link: https://www.econbiz.de/10012780067
We examine two factors frequently thought to be changing the U.S. workplace, high performance work practices and computer use, and their relationships with pay using a national probability sample of U.S. establishments. The analysis controls for both organizational and individual characteristics...
Persistent link: https://www.econbiz.de/10013230770
domestically. These changes have not been fully reflected in "high development theory" - a lacuna that may lead to …
Persistent link: https://www.econbiz.de/10013091898
with disdain for work. We propose an economic theory of preference formation where both the divergence of attitudes across … social classes and the ensuing reversal of economic fortunes are equilibrium outcomes. In our theory, parents shape their …, which are rooted in the nature of pre-industrial professions, become key determinants of success once industrialization …
Persistent link: https://www.econbiz.de/10012777611
We develop a new methodology for quantifying the tasks undertaken within occupations using over 3,000 verbs from more than 12,000 occupational descriptions in the Dictionary of Occupational Titles (DOTs). Using micro-data from the United States from 1880-2000, we find an increase in the...
Persistent link: https://www.econbiz.de/10013088397
General medical care in the United States has historically been provided by physicians who care for their patients in both ambulatory and hospital settings. Care is now increasingly divided between physicians specializing in hospital care (hospitalists) and ambulatory-based care primary care...
Persistent link: https://www.econbiz.de/10013142933
With some models of money and a representative-agent there is no reason for monetary trade because identical individuals can consume their own production. Lucas proposed a parable involving differentiated products in a cash-in-advance model to avoid this problem. This paper studies Lucas?s...
Persistent link: https://www.econbiz.de/10013135156
. The implications of the theory both for measurement and government policy are examined …
Persistent link: https://www.econbiz.de/10013135410