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It is widely believed that vertical integration in an environment without foreclosure, or more generally without any mechanism that restricts competition among firms, raises the welfare of consumers. In this paper we show that this can be overturned in a standard setting. We consider a vertical...
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This paper analyzes the effect of educational mismatch on wages, using a rich panel dataset of workers in the major …, we find that the wages of people aged under 35 basically depend on the level of education attained, while those of …
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This paper studies the impact of import competition from China on informality and wages in the Peruvian manufacturing … surge in imports from China on the likelihood of being hired in the informal sector and on wages in both the formal and … among workers with only elementary educationarguably one of the less-skilled groups. Regarding the impact on real wages, we …
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