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Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy
Cosar, A. Kerem; Guner, Nezih; Tybout, James - 2013
This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics, job turnover, and wage distributions. It uses establishment-level data from Colombia to estimate an open economy dynamic model that links trade to job flows in a new way. The...
Persistent link: https://www.econbiz.de/10010329109
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Firm Dynamics and Residual Inequality in Open Economies
Felbermayr, Gabriel; Impullitti, Giammario; Prat, Julien - 2014
Increasing wage inequality between similar workers plays an important role for overall inequality trends in … trade with heterogeneous firms and homogeneous workers. Wage inequality across and within firms results from their different … Hartz labor market reforms account for the sharp increase in residual inequality observed in the data. By contrast …
Persistent link: https://www.econbiz.de/10010333335
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Firm Dynamics and Residual Inequality in Open Economies
Felbermayr, Gabriel J.; Impullitti, Giammario; Prat, Julien - 2014
Increasing wage inequality between similar workers plays an important role for overall inequality trends in … trade with heterogeneous firms and homogeneous workers. Wage inequality across and within firms results from their different … Hartz labor market reforms account for the sharp increase in residual inequality observed in the data. By contrast …
Persistent link: https://www.econbiz.de/10010333392
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Directed sector and skill-specific technological change: The development of wages for the high and low skilled
Antony, Jürgen - 2003
This paper presents a dynamic two sector, two skill groups model of endogenous skill and sector specific technological change. The sectors refer to a high-tech” and a low-tech” sector of an economy. The direction of technological change is driven by market forces determined by the skill...
Persistent link: https://www.econbiz.de/10010291687
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Micro-mechanisms behind declining labour shares: Market power, production processes, and global competition
Mertens, Matthias - 2019
This article investigates how changing production processes and increasing market power at the firm level relate to a fall in Germany's manufacturing sector labour share. Coinciding with the fall of the labour share, I document a rise in firms' product and labour market power. Notably, labour...
Persistent link: https://www.econbiz.de/10011984432
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Monetary Policy and Inequality under Labor Market Frictions and Capital-Skill Complementarity
Dolado, Juan J.; Motyovszki, Gergö; Pappa, Evi - 2018
unexpected monetary easing increases labor income inequality between high and low-skilled workers, and that the interaction … targeting is often the most successful rule in stabilizing measures of earnings inequality even in the presence of shocks which …
Persistent link: https://www.econbiz.de/10011873498
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Unemployment in an interdependent world
Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2009
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10010265248
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Unemployment in an interdependent world
Felbermayr, Gabriel J.; Larch, Mario; Lechthaler, Wolfgang - 2009
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10010266008
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Unemployment in an interdependent world
Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2012
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10011453724
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Unemployment in an interdependent world
Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2009
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10010298848