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Task Routineness and Trade Policy Preferences
Blonigen, Bruce A. - 2013
Understanding the formation of individual trade policy preferences is a fundamental input into the modeling of trade policy outcomes. Surprisingly, past studies have found mixed evidence that various labor market and industry attributes of workers affect their trade policy preferences, even...
Persistent link: https://www.econbiz.de/10012459194
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Trade and Tasks : An Exploration over Three Decades in Germany
Becker, Sascha O. - 2014
This paper combines representative worker-level data that cover time-varying job-level task characteristics of an economy over a long time span with sector-level bilateral trade data for merchandize and services. We carefully create longitudinally consistent workplace characteristics from the...
Persistent link: https://www.econbiz.de/10012457927
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Leverage Dynamics and Financial Flexibility
Bolton, Patrick - 2020
We develop a q theory of investment with endogenous leverage, payout, hedging, and risk-taking dynamics. The key … seeks to preserve its financial flexibility by prudently managing its leverage and investment. Paradoxically, it is the high …
Persistent link: https://www.econbiz.de/10012479326
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Investment Under Uncertainty and the Value of Real and Financial Flexibility
Bolton, Patrick - 2014
alter the standard real options results, with the financial flexibility conferred by internal funds acting as a complement …, and at times as a substitute, to the real flexibility given by the optimal timing of investment. We show that: 1) the … be convex in liquidity) due to the interaction between financial and real (growth/abandonment) flexibility; 3) with …
Persistent link: https://www.econbiz.de/10012458055
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Market Design in Cap and Trade Programs : Permit Validity and Compliance Timing
Holland, Stephen P. - 2012
Cap and trade programs have considerable heterogeneity in permit validity and compliance timing. For example, permits have different validity across time (e.g., banking, borrowing, and seasons) and space (e.g., zonal restrictions), and compliance timing can be annual, in overlapping cycles, or...
Persistent link: https://www.econbiz.de/10012460561
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Intermediaries in International Trade : Direct versus indirect modes of export
Bernard, Andrew B. - 2011
This paper examines the factors that give rise to intermediaries in exporting and explores the implications for trade volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing exporters. In particular, high market-specific fixed...
Persistent link: https://www.econbiz.de/10012460946
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On the Connections between Intertemporal and Intra-temporal Trades
Ju, Jiandong - 2011
This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra … account towards its long-run equilibrium. We present empirical evidence consistent with the theory …
Persistent link: https://www.econbiz.de/10012461109
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AI and Jobs : the role of demand
Bessen, James - 2018
Artificial intelligence (AI) technologies will automate many jobs, but the effect on employment is not obvious. In manufacturing, technology has sharply reduced jobs in recent decades. But before that, for over a century, employment grew, even in industries experiencing rapid technological...
Persistent link: https://www.econbiz.de/10012453478
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Accounting for Changes in Between-Group Inequality
Burstein, Ariel - 2015
We perform a quantitative analysis of observed changes in U.S. between-group inequality between 1984 and 2003. We use an assignment framework with many labor groups, equipment types, and occupations in which changes in inequality are caused by changes in workforce composition, occupation demand,...
Persistent link: https://www.econbiz.de/10012457811
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Testing the Theory of Multitasking : Evidence from a Natural Field Experiment in Chinese Factories
Hong, Fuhai - 2013
tasks that produce unobservable outputs as they seek the salient rewards to observable outputs. Since the theory related to …
Persistent link: https://www.econbiz.de/10012459002