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Giovanni, Julian di - 2014

differences, international trade, remittances, and a heterogeneous workforce. We compare welfare under the observed levels of … flows - such as Jamaica or El Salvador - are also better off due to migration, but for a different reason: remittances. The …% in countries with large incoming remittances. Our results are robust to accounting for imperfect transferability of …

Persistent link: https://www.econbiz.de/10012458662

Labor Migration, Capital Accumulation, and the Structure of Rural Labor Markets

Dinkelman, Taryn; Kumchulesi, Grace; Mariotti, Martine - National Bureau of Economic Research - 2024

Between 1967 and 1974, a bilateral treaty increased circular labor migration from Malawi to South Africa by 200%, bringing over 53 million USD in earnings into origin communities. A deadly migrant worker plane crash in 1974 ended these flows and led to migrant repatriation. We study how this...

Persistent link: https://www.econbiz.de/10014486235

Abundance from Abroad : Migrant Income and Long-Run Economic Development

Khanna, Gaurav; Murathanoglu, Emir; Theoharides, Caroline; … - National Bureau of Economic Research - 2022

How does income from international migrant labor affect the long-run development of migrant-origin areas? We leverage the 1997 Asian Financial Crisis to identify exogenous changes in international migrant income across regions of the Philippines, derived from spatial variation in exposure to...

Persistent link: https://www.econbiz.de/10013172161

Invoice Currency Choice in Intra-Firm Trade : A Transaction-Level Analysis of Japanese Automobile Exports

Yoshimi, Taiyo; Yoshimoto, Uraku; Satō, Kiyotaka; … - National Bureau of Economic Research - 2024

This study empirically investigates how the invoice currency choice differs between intra-firm and arm's-length exports. We also examine whether other firm- and product-level characteristics affect the choice of invoice currency. This study is the first to be granted access to highly...

Persistent link: https://www.econbiz.de/10014486233

How Can Asset Prices Value Exchange Rate Wedges?

Lewis, Karen K.; Liu, Edith - National Bureau of Economic Research - 2022

When available financial securities allow investors to optimally diversify risk across countries, standard theory implies that exchange rates should reflect this behavior. However, exchange rates observed in the data deviate from these predictions. In this paper, we develop a framework to value...

Persistent link: https://www.econbiz.de/10013388777

International Sanctions and Dollar Dominance

Bianchi, Javier; Sosa Padilla, César - National Bureau of Economic Research - 2023

This paper investigates the implications of international financial sanctions for the reserve currency status of the US dollar. We propose a simple model of a reserve currency, demonstrate how the anticipation of financial sanctions can weaken the dollar's status, and evaluate the welfare...

Persistent link: https://www.econbiz.de/10014247945

The Impact of Money in Politics on Labor and Capital : Evidence from Citizens United v. FEC

Akey, Pat; Babina, Tania; Buchak, Greg; Tenekedjieva, … - National Bureau of Economic Research - 2023

We examine whether corporate money in politics benefits or hurts labor using the 2010 Supreme Court ruling Citizens United, which rendered bans on political election spending unconstitutional. In difference-in-difference analyses, affected states experience increases in both capital and labor...

Persistent link: https://www.econbiz.de/10014322868

Firm Sorting and Spatial Inequality

Lindenlaub, Ilse; Oh, Ryungha; Peters, Michael - National Bureau of Economic Research - 2022

We study the importance of firm sorting for spatial inequality. If productive locations are able to attract the most productive firms, then firm sorting acts as an amplifier of spatial inequality. We develop a novel model of spatial firm sorting, in which heterogeneous firms first choose a...

Persistent link: https://www.econbiz.de/10013462686

Global Profit Shifting, 1975-2019

Wier, Ludvig S.; Zucman, Gabriel - National Bureau of Economic Research - 2022

This paper constructs time series of global profit shifting covering the 2015-19 period, during which major international efforts were implemented to curb profit shifting. We find that (i) multinational profits grew faster than global profits, (ii) the share of multinational profits booked in...

Persistent link: https://www.econbiz.de/10013462721

The Shift to Remote Work Lessens Wage-Growth Pressures

Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; … - National Bureau of Economic Research - 2022

The recent shift to remote work raised the amenity value of employment. As compensation adjusts to share the amenity-value gains with employers, wage-growth pressures moderate. We find empirical support for this mechanism in the wage-setting behavior of U.S. employers, and we develop novel...

Persistent link: https://www.econbiz.de/10013334415