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Automatic Stabilizers and Economic Crisis : US vs. Europe

Dolls, Mathias - 2010

This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...

Persistent link: https://www.econbiz.de/10012462382

Failing the Test? The Flexible U.S. Job Market in the Great Recession

Freeman, Richard B. - 2013

The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a major economic downturn and to restore full employment quickly afterward. In the crisis the American labor market failed to live up to expectations. The level and duration of...

Persistent link: https://www.econbiz.de/10012459074

Worker Needs and Voice in the US and the UK

Bryson, Alex - 2006

Workers have responded differently to declining union density in the US and UK. US workers have unfilled demand for unions whereas many UK workers free-ride at unionized workplaces. To explain this difference, we create a scalar measure of worker needs for representation and relate desire for...

Persistent link: https://www.econbiz.de/10012466359

Investment Responses to Trade Liberalization : Evidence from U.S. Industries and Plants

Pierce, Justin R. - 2017

a difference-in-differences identification strategy, we find that industries more exposed to reductions in import tariff … uncertainty exhibit relative declines in investment after the change in trade policy. Within industries, we find that this …

Persistent link: https://www.econbiz.de/10012453642

Survival of the Best Fit : Competition from Low Wage Countries and the (Uneven) Growth of US Manufacturing Plants

Bernard, Andrew B. - 2002

competition in their industry. As a result, US manufacturing is reallocated over time towards industries that are more capital and … surviving plants. Within industries, low wage import competition has the strongest effects on the least capital and skill … intensive plants. Surviving plants that switch industries move into more capital and skill intensive sectors when they face low …

Persistent link: https://www.econbiz.de/10012469540

Structural Change Within versus Across Firms : Evidence from the United States

Ding, Xiang; Fort, Teresa C.; Redding, Stephen; Schott, … - National Bureau of Economic Research - 2022

We document the role of intangible capital in manufacturing firms' substantial contribution to non-manufacturing employment growth from 1977-2019. Exploiting data on firms' "auxiliary" establishments, we develop a novel measure of proprietary in-house knowledge and show that it is associated...

Persistent link: https://www.econbiz.de/10013334346