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to regional shocks by educational level brought about in part by Central European labor-market institutions, such as …
Persistent link: https://www.econbiz.de/10009476949
Over the coming century, computer technology is likely to become capable of reproducing many of the skills now performed by human labor. This paper describes three models of the aggregate economic changes that occur when capital becomes capable of performing human work skills. The basic model,...
Persistent link: https://www.econbiz.de/10009441014
Neoclassical theory presumes that the demand for labor is a function of its real wage. Many local development agencies have taken this proposition as an article of faith, designing policies that effectively lower the real cost of labor. Empirical evidence for the textiles and electronics...
Persistent link: https://www.econbiz.de/10009441478
sensitive to the level of wage costs in Germany and in other potential locations in high-income Europe, but not to the level of … wage costs in Sweden or low-income countries in Europe. Finally, we find that the cross-wage elasticity showing the effect … of increases in labour costs in other high-income locations in Europe on employment in German affiliates of Swedish MNEs …
Persistent link: https://www.econbiz.de/10009442376
The labor share is defined as the share of value added which is payed out to workers. It is therefore often also called the wage share. Generally it is assumed that value added is produced with capital and labor as input factors so that Y = F(K;L) where Y is value added or output, K the capital...
Persistent link: https://www.econbiz.de/10009467131
Applying a common empirical approach to comparable industry-level data on production, trade, and labor markets for Japan and South Korea, this paper aims to investigate the impacts of outsourcing on different sectors of the labor market focusing on differences in educational attainment. While...
Persistent link: https://www.econbiz.de/10009472554
institutions can lead to new business concepts and products offered by new firms. Having a look at the determinants of technology …
Persistent link: https://www.econbiz.de/10009475327
Critics of globalization claim that U.S. manufacturing firms are being driven by the prospects of cheaper labor to shift employment abroad. Yet the evidence, beyond anecdotes, is slim. Using firm-level data collected by the U.S. Bureau of Economic Analysis (BEA), we estimate the impact on U.S....
Persistent link: https://www.econbiz.de/10009477116
We investigate the microeconomic effects of labor regulations that protect employment and are expected to increase rigidity in labor markets. We exploit a unique outlet-level dataset obtained from a multinational food chain operating about 2,840 retail outlets in 43 countries outside the United...
Persistent link: https://www.econbiz.de/10009477273
This paper analyzes the demand for labor by home multinational enterprises (MNEs) in Europe. To this end we use a … located in either the European Union, Central and Eastern Europe or both. We investigate whether employment in the MNEs … the EU, rather than affiliates located in Central and Eastern Europe. (iii) We also report results for the non …
Persistent link: https://www.econbiz.de/10009477468