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Foreign direct investment and search unemployment theory and evidence
Schmerer, Hans-Jörg - 2012
margin. Whether a country benefits from FDI in terms of unemployment depends on the respective country's net-FDI, measured as … the difference between in- and outward FDI. The derived FDI and unemployment nexus is tested employing macroeconomic data … for 19 OECD countries on unemployment, FDI, and labor market institutions. Results support the model in that net-FDI is …
Persistent link: https://www.econbiz.de/10009529635
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FDI, skill-specific unemployment, and institutional spillover effects
Schmerer, Hans-Jörg - 2012
at home and abroad irrespective of their level of skill. -- FDI ; globalization ; search unemployment ; labor market … effects at the intensive industry margin via trade and FDI. Moreover, the distinction between high- and low-skill workers …
Persistent link: https://www.econbiz.de/10009409344
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Beyond Cobb-Douglas: flexibly estimating matching functions with unobserved matching efficiency
Lange, Fabian; Papageorgiou, Theodore - 2020
Exploiting results from the literature on non-parametric identification, we make three methodological contributions to the empirical literature estimating the matching function, commonly used to map unemployment and vacancies into hires. First, we show how to non-parametrically identify the...
Persistent link: https://www.econbiz.de/10012206513
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Offshoring, Mismatch, and Labor Market Outcomes
Arseneau, David M. - 2015
We study the role of labor market mismatch in the adjustment to a trade liberalization that results in the offshoring of high-tech production. Our model features two-sided heterogeneity in the labor market: high- and low-skilled workers are matched in a frictional labor market with high- and...
Persistent link: https://www.econbiz.de/10013028647
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Globalization and income inequality : the role of transmission mechanisms
Hennighausen, Tanja - 2014
which globalization should influence the personal distribution of market and disposable incomes as well as redistribution. I … employ panel data covering 28 OECD countries between 1960 and 2010 to analyze the impact of globalization on a set of labor … industrialized countries. Rather, the globalization-induced rise in income dispersion through greater factor price differences is …
Persistent link: https://www.econbiz.de/10010354569
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Globalization and Labor Market Dynamics
McLaren, John - 2017
high, and that both switching costs and option value are crucial in computing welfare effects of globalization for workers …
Persistent link: https://www.econbiz.de/10012951625
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Search unemployment in a dynamic new Keynesian model of the business cycle
Gerke, Rafael; Rubart, Jens - 2003
The monetary transmission mechanism plays an important role in studying the effects of monetary policy on the real side of the economy. At least since Chari et al. (2000) it is generally accepted that new keynesian models of the business cycle display a persistence problem. In this paper, we...
Persistent link: https://www.econbiz.de/10011524517
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Search Unemployment with Advance Notice
Garibaldi, Pietro - 2006
This paper proposes and solves a search model in which job separation requires mandatory notice. When jobs are subject to idiosyncratic uncertainty, firms would issue advance notice even with good business conditions. We show that such precautionary policy is not pursued if it entails...
Persistent link: https://www.econbiz.de/10012782179
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Employment and Growth Effects of Tax Reforms
Michaelis, Jochen; Birk, Angela - 2004
This paper explores how revenue-neutral tax reforms impact employment and economic growth in a model of endogenous growth and search frictions on the labor market. We analyze how savings and the incentive to create new jobs are affected by tax swaps between wage income taxes, payroll taxes,...
Persistent link: https://www.econbiz.de/10014070386
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Employment and Growth Effects of Tax Reforms in a Growth-Matching Model
Birk, Angela; Michaelis, Jochen - 2003
This paper explores how revenue-neutral tax reforms impact employment and economic growth in models of exogenous and endogenous growth and search frictions on the labor market. We show that (i) a cut in the payroll tax financed by an increase in the wage tax lowers both equilibrium employment...
Persistent link: https://www.econbiz.de/10014095062