Showing 1 - 10 of 136
Persistent link: https://www.econbiz.de/10003846929
This paper analyzes trade in an asymmetric 2×2×2 world, where the two countries, labelled America and Europe, differ in their attitudes towards wage inequality. In both America and Europe, fair wage considerations compress differentials between the wages for skilled and unskilled workers,...
Persistent link: https://www.econbiz.de/10011402411
Persistent link: https://www.econbiz.de/10003723661
Persistent link: https://www.econbiz.de/10002810663
Persistent link: https://www.econbiz.de/10002655223
Persistent link: https://www.econbiz.de/10001602378
This paper analyzes trade in an asymmetric 2×2×2 world, where the two countries, labelled America and Europe, differ in their attitudes towards wage inequality. In both America and Europe, fair wage considerations compress differentials between the wages for skilled and unskilled workers,...
Persistent link: https://www.econbiz.de/10002058315
We develop a general equilibrium two-country model with heterogeneous producers and rent sharing at the firm level due to fairness preferences of workers. We identify two sources of a multinational wage premium. On the one hand, there is a pure composition effect because multinational firms are...
Persistent link: https://www.econbiz.de/10010307350
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences. In the underlying theoretical framework, such preferences lead to a link between a firm's operating profits on the one hand and wages of workers employed by this firm on the...
Persistent link: https://www.econbiz.de/10010307718
We set up a general equilibrium model, in which offshoring to a low-wage country can lead to job polarisation in the high-wage country. Job polarisation is the result of a reallocation of labour across firms that differ in productivity and pay wages that are positively linked to their profits by...
Persistent link: https://www.econbiz.de/10011555584