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I estimate the relative magnitudes of worker switching costs and how much the employer switching of experienced engineers responds to outside wage offers. Institutional features imply that voluntary turnover dominates switching in the market for Swedish engineers from 1970--1990. I use data on...
Persistent link: https://www.econbiz.de/10005109524
larger effects. H-1Bs substantially crowd out employment of other workers. We find some evidence that additional H-1Bs lead …
Persistent link: https://www.econbiz.de/10011196772
This paper estimates the incidence of state corporate taxes on the welfare of workers, landowners, and firm owners using variation in state corporate tax rates and apportionment rules. We develop a spatial equilibrium model with imperfectly mobile firms and workers. Firm owners may earn profits...
Persistent link: https://www.econbiz.de/10011082677
Many households devote a large fraction of their budgets to "consumption commitments" -- goods that involve transaction costs and are infrequently adjusted. This paper characterizes risk preferences in an expected utility model with commitments. We show that commitments affect risk preferences...
Persistent link: https://www.econbiz.de/10005085272
focused on productivity do not predict economic growth, while indexes emphasizing taxes and costs predict growth of employment …
Persistent link: https://www.econbiz.de/10009001152
The ageing of the population presents a major fiscal challenge for the countries of Europe. The combination of increased longevity and a reduced birth rate will directly reduce the growth rates of the European economies by slowing the growth of the capital stock and by weakening the productivity...
Persistent link: https://www.econbiz.de/10005720039
Employment rates in Puerto Rico range from 55 to 65 percent of U.S. rates during the past thirty years. This huge … employment shortfall holds for men and women, cuts across all education groups, and is deeper for persons without a college … educated workers. Motivated by these facts, we identify several factors that undermine employment growth and business …
Persistent link: https://www.econbiz.de/10005014927
In search and bargaining models, the effect of higher wages on employment is determined by the elasticity of the job … creation curve and a standard demand curve is that the former represents a relationship between wages and employment rates …, while the latter represents a relationship between wages and employment levels. Although this distinction is quite simple …
Persistent link: https://www.econbiz.de/10008625924
Many developing countries would like to increase the share of modern or formal sectors in their employment. One way to …, previous research on the issue has been limited by the paucity of long data sets for firm operations. We examine employment … from domestic ones. Employment growth is relatively high in foreign-owned establishments, although foreign firms own …
Persistent link: https://www.econbiz.de/10008635909
employment for teens and young adults, with elasticities in the range -0.1 to -0.2. In addition, we find that subminimum wages …
Persistent link: https://www.econbiz.de/10005718001