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We argue that the narrative of variety-induced gains from trade in differentiated goods needs revision. If producing differentiated varieties of a good requires differentiated skills and if the work force is heterogeneous in these skills, then firms are likely to have monopsony power. We show...
Persistent link: https://www.econbiz.de/10009792205
Globalization in the form of product market integration affects labour markets and produces winners and losers. While there are aggregate gains, it is in general ambiguous how inequality is affected. We explore this issue in a Ricardian model and show that it depends on the balance between...
Persistent link: https://www.econbiz.de/10013144973
We develop a model that combines monopolistic competition on goods markets with skill-type heterogeneity on the labor market to analyze the effects of trade and migration on welfare and inequality. Skill-type heterogeneity and partial specificity to firms' endogenously chosen skill requirements...
Persistent link: https://www.econbiz.de/10011931872
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Based largely on the Fifteenth Annual Report of the U.S. Department of Labor, published in 1900, we have built a sample of wages and hours for roughly fifty countries in six continents that covers the period 1890-1900. The Report, which is drawn from official (national) publications, gives...
Persistent link: https://www.econbiz.de/10010290409
We study Virginia's suffrage from the early 17th century until the American Revolution using an analytical narrative and econometric analysis of unique data on franchise restrictions. First, we hold that suffrage changes reflected labour market dynamics. Indeed, Virginia’s liberal institutions...
Persistent link: https://www.econbiz.de/10011543173
Prisoners employed in manufacturing constitute 4.2% of total U.S. manufacturing employment in 2005; they produce cheap goods, creating labor demand shock. I study the economic externalities of convict labor on local labor markets and firms. Using newly collected panel data on U.S. prisons and...
Persistent link: https://www.econbiz.de/10012891189
We study Virginia's suffrage from the early 17th century until the American Revolution using an analytical narrative and econometric analysis of unique data on franchise restrictions. First, we hold that suffrage changes reflected labour market dynamics. Indeed, Virginia's liberal institutions...
Persistent link: https://www.econbiz.de/10012982073
According to culinary scholars, American food retained a strongly British character through most of its history. Chinese food was the exception. Beginning in the early-twentieth century, Chinese restaurants began appearing outside of Chinatowns and the cuisine entered the cultural mainstream....
Persistent link: https://www.econbiz.de/10014183738