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We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German … of an extended model which encompasses offshoring to emerging countries and labour market imperfections suggest that (i …
Persistent link: https://www.econbiz.de/10012255659
We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German … an extended model which encompasses offshoring to emerging countries and labour market imperfections suggest that (i) the …
Persistent link: https://www.econbiz.de/10012300561
We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German … of an extended model which encompasses offshoring to emerging countries and labour market imperfections suggest that (i …
Persistent link: https://www.econbiz.de/10012252383
We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages.This mechanism is magnified by the low price elasticity of the demand for German … of an extended model which encompasses offshoring to emerging countries and labour market imperfections suggest that (i …
Persistent link: https://www.econbiz.de/10012826760
This paper seeks to illuminate the uncertainty in official GDP per capita measuresusing auxiliary data. Using satellite-recorded nighttime lights as an additional measurementof true GDP per capita, we provide a statistical framework, in which the error inofficial GDP per capita may depend on the...
Persistent link: https://www.econbiz.de/10012869295
where Northern firms invest to take advantage of lower wages. Contrary to expectation, I find that lower FDI costs increase …
Persistent link: https://www.econbiz.de/10011816895
Persistent link: https://www.econbiz.de/10013396216
Persistent link: https://www.econbiz.de/10011508501
Following Russia's February invasion of Ukraine and the imposition of sanctions by countries worldwide, Russian population faces a crisis with deep but differentiated consequences across socioeconomic groups. We examine the evolution of earnings and societal earnings gaps throughout Vladimir...
Persistent link: https://www.econbiz.de/10014455206
larger, more productive, and pay higher wages than other firms in the same industry. Positive performance effects of engaging …
Persistent link: https://www.econbiz.de/10011417118