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International Trade and Labor-Demand Elasticities
Slaughter, Matthew J. - 1997
In this paper I try to determine whether international trade has been increasing the own-price elasticity of demand for … industries within manufacturing. If anything, demand seems to be growing less elastic over time. Third, the hypothesis that trade … contributed to increased elasticities has mixed support at best. For production labor many trade variables have the predicted …
Persistent link: https://www.econbiz.de/10012472549
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Economic Insecurity and the Globalization of Production
Scheve, Kenneth - 2002
A common claim in debates about globalization is that economic integration increases worker insecurity. Although this …
Persistent link: https://www.econbiz.de/10012469367
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In Search of Labor Demand
Beaudry, Paul - 2014
We propose and estimate a novel specification of the labor demand curve incorporating search frictions and the role of entrepreneurs in new firm creation. Using city-industry variation over four decades, we estimate the employment - wage elasticity to be -1 at the industry-city level and -0.3 at...
Persistent link: https://www.econbiz.de/10012458097
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Wage Flexibility and Employment Fluctuations : Evidence from the Housing Sector
Pischke, Jörn-Steffen - 2016
Many economists suspect that downward nominal wage rigidities in ongoing labor contracts are an important source of employment fluctuations over the business cycle but there is little direct empirical evidence on this conjecture. This paper compares three occupations in the housing sector with...
Persistent link: https://www.econbiz.de/10012456181
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Sales Taxes and Internet Commerce
Einav, Liran - 2012
We estimate the sensitivity of Internet retail purchasing to sales taxes using data from the eBay marketplace. Our first approach exploits the fact that seller locations are revealed only after buyers have expressed interest in an item by clicking on its listing. We use millions of location...
Persistent link: https://www.econbiz.de/10012460641
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Elasticities of Demand for Educated Labor and Elasticities of Supply of Educated Labor
Freeman, Richard B. - 1982
This paper reviews a variety of estimates of the demand and supply elasticities of educated labor. It finds that elasticities of substitution between more and less educated labor range fran 1.0 to 2.0 and that elasticities of the supply of students to colleges are also on the order of 1.0 to 2.0...
Persistent link: https://www.econbiz.de/10012478063
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Globalization and the Gains from Variety
Broda, Christian - 2004
Since the seminal work of Krugman (1979), product variety has played a central role in models of trade and growth. In … product variety from US imports has been an important source of gains from trade over the last three decades (1972 …
Persistent link: https://www.econbiz.de/10012468380
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Dynamic Consumption and Portfolio Choice with Stochastic Volatility in Incomplete Markets
Chacko, George - 1999
This paper analyzes optimal portfolio choice and consumption with stochastic volatility in incomplete markets. Using the Duffie-Epstein (1992) formulation of recursive utility in continuous time, it shows that the optimal portfolio demand for stocks under stochastic volatility varies strongly...
Persistent link: https://www.econbiz.de/10012471407
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Elasticities of Substitution in Real Business Cycle Models with Home Production
Campbell, John Y. - 1998
This paper constructs a simple model of home production that demonstrates the connection between the intertemporal elasticity of substitution in market consumption (IES) and the static elasticity of substitution between home and market consumption (SES), when the utility function is additively...
Persistent link: https://www.econbiz.de/10012472050
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Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches
Best, Michael Carlos - 2018
Using a novel source of quasi-experimental variation in interest rates, we develop a new approach to estimating the Elasticity of Intertemporal Substitution (EIS). In the UK, the mortgage interest rate features discrete jumps - notches - at thresholds for the loan-to-value (LTV) ratio. These...
Persistent link: https://www.econbiz.de/10012480601