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Inequality and Unemployment in a Global Economy
Helpman, Elhanan - 2010
consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation … within and between industries. While the opening of trade yields welfare gains, unemployment and inequality within sectors … nonmonotonic effects on unemployment and inequality within sectors. As aggregate unemployment and inequality have within- and …
Persistent link: https://www.econbiz.de/10012758160
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Jobless Recoveries During Financial Crises : Is Inflation the Way Out?
Calvo, Guillermo A. - 2013
document that large inflationary spikes appear to help unemployment to get back to pre-crisis levels. However, the counterpart …. This suggests that currency depreciation can help reduce unemployment only insofar as it is associated with inflation, and …
Persistent link: https://www.econbiz.de/10013072345
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Trade, Jobs, and Wages
Krugman, Paul R.; Lawrence, Robert Z. - 2021
There is a broad consensus among US opinion leaders that our economic problem is largely one of failures of international competition -- that trade deficits have eroded our manufacturing base, that inability to sell on world markets has been a major drag on economic growth, and that imports from...
Persistent link: https://www.econbiz.de/10013211656
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Labor Markets During the Covid-19 Crisis : A Preliminary View
Coibion, Olivier - 2020
implied by new unemployment claims: we estimate 20 million lost jobs by April 6th, far more than jobs lost over the entire … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …
Persistent link: https://www.econbiz.de/10012836425
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International Trade with Indirect Additivity
Bertoletti, Paolo - 2016
We develop a general equilibrium model of monopolistic competition and trade based on indirectly additive preferences and heterogenous firms. It generates markups independent from destination population but increasing in destination per capita income, as documented empirically. Trade...
Persistent link: https://www.econbiz.de/10012998951
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Outsourcing in a Global Economy
Grossman, Gene M.; Helpman, Elhanan - 2021
We study the determinants of the location of sub-contracted activity in a general equilibrium model of outsourcing and trade. We model outsourcing as an activity that requires search for a partner and relationship-specific investments that are governed by incomplete contracts. The extent of...
Persistent link: https://www.econbiz.de/10013229051
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Minimally Altruistic Wages and Unemployment in a Matching Model
Rotemberg, Julio J. - 2010
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10012759577
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Real Wage Rigidities and the New Keynesian Model
Blanchard, Olivier J.; Galí, Jordi - 2021
particular, it provides a natural interpretation for the dynamic inflation--unemployment relation found in the data …
Persistent link: https://www.econbiz.de/10013235306
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How Credit Constraints Impact Job Finding Rates, Sorting & Aggregate Output
Herkenhoff, Kyle - 2016
We empirically and theoretically examine how consumer credit access affects displaced workers. Empirically, we link administrative employment histories to credit reports. We show that an increase in credit limits worth 10% of prior annual earnings allows individuals to take .15 to 3 weeks longer...
Persistent link: https://www.econbiz.de/10012991679
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Statistical Discrimination and Duration Dependence in the Job Finding Rate
Jarosch, Gregor - 2018
equivalent workers fall sharply as unemployment duration progresses. We use the model to quantitatively assess the consequences … of such employer behavior for job finding rates and long term unemployment and find only modest effects given the large … dependence and long term unemployment …
Persistent link: https://www.econbiz.de/10012930343