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degree of monopsony power is captured by the elasticity of firm-level labor supply, with a lower elasticity implying more … wage-setting power by the firm. With more productive firms paying higher wages, monopsony power dampens the impact of firm … inequality, but in an open economy high levels of monopsony power inhibit exporting, which may reduce inequality by compressing …
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How competitive were labor markets during the long 19th century, and how did labor market competition change throughout the industrialization process? To answer these questions, we estimate the `markdown' wedge between the wage and marginal revenue product of labor in 227 Belgian coal firms from...
Persistent link: https://www.econbiz.de/10014077479
trade liberalization experience of China following its accession to the WTO in 2001. We build a multi-sector heterogenous … export revenue. We test our hypotheses using Chinese firm-level data for the years after China's accession to WTO in 2001 …
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This paper calls into question the currently most influential model of international trade. An empirical finding by Trefler (2004, AER) and others that industrial productivity increases more strongly in liberalized industries than in non-liberalized industries has been widely accepted as...
Persistent link: https://www.econbiz.de/10009786088
trade shocks on product and labor market power, we exploit China's reductions in input and output tariffs upon its accession …
Persistent link: https://www.econbiz.de/10012169328
This paper studies the life-cycle dynamics of exporters and multinational enterprises (MNEs). We present a dynamic model of trade and MNE activity in which the mode of serving a market depends on the well-known proximity-concentration tradeoff. We show that the option of performing MNE...
Persistent link: https://www.econbiz.de/10011757771