Globalization, Interstate Competition, and Labor -- The State Role in Labor Costs -- Explaining State Differences in Labor Cost Trends -- The Economic Effects of Cutting Labor Costs -- Social and Political Consequences of Declining Labor Costs -- Conclusion

We provide novel systematic cross-country evidence that the link between domestic labour markets and CPI inflation has weakened considerably in advanced economies during recent decades. The central estimate is that the short-run pass-through from domestic labour cost changes to core CPI...

In the American federal system, states actively compete for jobs, business investment, and factory locations. Labor costs have played an important role in such interstate competition since the days of the pre-Civil War plantation economy. In recent years, however, global economic trends have put...

In the present paper author through an empirical analysis will point out that import penetration in Greek manufacturing during the period 1988-1999 depends on globalization and the share of labor cost in value added of production. A discussion is made. The sample covers all 'two-digit'...