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Labor Market Rigidities, Trade and Unemployment
Helpman, Elhanan; Itskhoki, Oleg - National Bureau of Economic Research (NBER) - 2007
We study a two-country two-sector model of international trade in which one sector produces homogeneous products while the other produces differentiated products. The differentiated-product industry has firm heterogeneity, monopolistic competition, search and matching in its labor market, and...
Persistent link: https://www.econbiz.de/10005829591
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Labor Market Frictions as a Source of Comparative Advantage, with Implications for Unemployment and Inequality
Helpman, Elhanan - National Bureau of Economic Research (NBER) - 2010
inequality. This paper reviews this approach and reports a number of results from recent studies. …
Persistent link: https://www.econbiz.de/10008615790
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Foreign Trade and Investment: Firm-Level Perspectives
Helpman, Elhanan - National Bureau of Economic Research (NBER) - 2013
This Economica Coase Lecture reviews research that has revolutionized the field of international trade and foreign direct investment. It explains the motivation behind the development of new analytical frameworks, the nature of these frameworks, and the empirical studies that sprouted from them.
Persistent link: https://www.econbiz.de/10010796539
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Trade and Labor Market Outcomes
Helpman, Elhanan; Redding, Stephen James; Itskhoki, Oleg - National Bureau of Economic Research (NBER) - 2011
This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral …
Persistent link: https://www.econbiz.de/10008784911
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Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy
Guner, Nezih; Coşar, A. Kerem; Tybout, James - National Bureau of Economic Research (NBER) - 2010
This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics, job turnover, and wage distributions. It uses establishment-level data from Colombia to estimate an open economy dynamic model that links trade to job flows in a new way. The...
Persistent link: https://www.econbiz.de/10008534520
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The distribution of wealth and fiscal policy in economies with finitely lived agents
Benhabib, Jess; Bisin, Alberto - National Bureau of Economic Research (NBER) - 2009
the dependence of the distribution of wealth, of wealth inequality in particular, on various fiscal policy instruments … inequality. Finally, we characterize optimal redistributive taxes with respect to a utilitarian social welfaremeasure. Social … welfare is maximized short of minimal wealth inequality and with zero estate taxes. Finally, we study the effects of different …
Persistent link: https://www.econbiz.de/10005829471
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Robots: Curse or Blessing? A Basic Framework
Sachs, Jeffrey D.; Benzell, Seth G.; LaGarda, Guillermo - National Bureau of Economic Research (NBER) - 2015
Do robots raise or lower economic well-being? On the one hand, they raise output and bring more goods and services into reach. On the other hand, they eliminate jobs, shift investments away from machines that complement labor, lower wages, and immiserize workers who cannot compete. The net...
Persistent link: https://www.econbiz.de/10011252658
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The Price of Experience
Jeong, Hyeok; Manovskii, Iourii; Kim, Yong - National Bureau of Economic Research (NBER) - 2014
We identify a key role of factor supply, driven by demographic changes, in shaping several empirical regularities that are a focus of active research in macro and labor economics. In particular, demographic changes alone can account for the large movements of the return to experience over the...
Persistent link: https://www.econbiz.de/10011196338
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The Redistributive Effects of Financial Deregulation
Korinek, Anton; Kreamer, Jonathan - National Bureau of Economic Research (NBER) - 2013
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk-taking by earning greater expected returns. However,...
Persistent link: https://www.econbiz.de/10011196345
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Risky Investments with Limited Commitment
Cooley, Thomas; Marimon, Ramon; Quadrini, Vincenzo - National Bureau of Economic Research (NBER) - 2013
results in higher risk-taking, a larger and more productive financial sector with greater income inequality (within and across …
Persistent link: https://www.econbiz.de/10010796688