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On the Connections between Intertemporal and Intra-Temporal Trades
Ju, Jiandong - 2011
This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra … account towards its long-run equilibrium. We present empirical evidence consistent with the theory …
Persistent link: https://www.econbiz.de/10013119039
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Market Design in Cap and Trade Programs : Permit Validity and Compliance Timing
Holland, Stephen P. - 2012
Cap and trade programs have considerable heterogeneity in permit validity and compliance timing. For example, permits have different validity across time (e.g., banking, borrowing, and seasons) and space (e.g., zonal restrictions), and compliance timing can be annual, in overlapping cycles, or...
Persistent link: https://www.econbiz.de/10013106300
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Intermediaries in International Trade : Direct Versus Indirect Modes of Export
Bernard, Andrew B. - 2012
This paper examines the factors that give rise to intermediaries in exporting and explores the implications for trade volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing exporters. In particular, high market-specific fixed...
Persistent link: https://www.econbiz.de/10013113099
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The Timing of Labor Demand
Cardoso, Ana Rute - 2008
We examine the timing of firms' operations in a formal model of labor demand. Merging a variety of data sets from Portugal from 1995-2004, we describe temporal patterns of firms' demand for labor and estimate production-functions and relative labor-demand equations. The results demonstrate the...
Persistent link: https://www.econbiz.de/10012768129
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Labor Supply in the Past, Present, and Future : A Balanced-Growth Perspective
Boppart, Timo - 2016
What explains how much people work? Going back in time, a main fact to address is the steady reduction in hours worked. The long-run data, for the U.S. as well as for other countries, show a striking pattern whereby hours worked fall steadily by a little below a half of a percent per year,...
Persistent link: https://www.econbiz.de/10012992666
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Technology and Labor Regulations : Theory and Evidence
Alesina, Alberto F. - 2015
This paper shows that different labor market policies can lead to differences in technology across sectors in a model of labor saving technologies. Labor market regulations reduce the skill premium and as a result, if technologies are labor saving, countries with more stringent labor regulation,...
Persistent link: https://www.econbiz.de/10013030615
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Labor Market Frictions, Firm Growth, and International Trade
Fajgelbaum, Pablo D. - 2013
I study the aggregate effects of labor market frictions in a small open economy where firms grow slowly and make fixed export investments. The model features interactions between dynamic investments in exporting and search frictions with job-to-job mobility. A calibration to Argentina's economy...
Persistent link: https://www.econbiz.de/10013074919
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Trade, Unemployment, and Monetary Policy
Cacciatore, Matteo; Ghironi, Fabio Pietro - 2022
We study how trade linkages affect the conduct of monetary policy in a two-country model with heterogeneous firms, endogenous producer entry, and labor market frictions. We show that the ability of the model to replicate key empirical regularities following trade integration---synchronization of...
Persistent link: https://www.econbiz.de/10013307732
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Understanding the Gains from Wage Flexibility : The Exchange Rate Connection
Galí, Jordi; Monacelli, Tommaso - 2021
We study the gains from increased wage flexibility using a small open economy model with staggered price and wage … smaller in a currency union, (ii) an increase in wage flexibility often reduces welfare, more likely so in an economy that is … that wage flexibility is particularly desirable in a currency union …
Persistent link: https://www.econbiz.de/10013311616
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Fear, Unemployment and Pay Flexibility
Blanchflower, David G. - 2021
The paper uses newly available cross-section data to study wage determination in the United Kingdom in the 1980s. The results are contrasted with those from a comparable sample from the US from 1977-1988. 1) Fear of unemployment substantially depresses pay in both countries.2) There is some...
Persistent link: https://www.econbiz.de/10013240559