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We analyze the role of optimal income taxation across different local labor markets. Should labor in large cities be taxed differently than in small cities? We find that a planner who needs to raise revenue and is constrained by free mobility of labor across cities does not choose equal taxes...
Persistent link: https://www.econbiz.de/10010470412
Die vorliegende Arbeit untersucht, wie sich Angebots-, Nachfrage- und geldpolitische Schocks aus den Vereinigten Staaten auf Deutschland übertragen. Dabei wird ein so genanntes factor-augmented vector autoregressive model (FAVAR) auf einen neu zusammengestellten Datensatz mit mehr als 200...
Persistent link: https://www.econbiz.de/10003919815
services. Areas in the US with declining labor demand and incomes due to increasing import competition from China experience …
Persistent link: https://www.econbiz.de/10011543193
Trade data are typically reported at the level of regions or countries and are therefore aggregates across space. In this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which initially symmetric micro regions are combined to form...
Persistent link: https://www.econbiz.de/10011458028
This paper investigates the connection between economic agglomeration and trade patterns within the U.S. at the industry level. On the consumption side, industry- and state-specific international imports and elasticities of substitution are shown to be systematically connected to consumption...
Persistent link: https://www.econbiz.de/10014049467
from China. Although population headcounts of the foreign-born fell by more than those of the native-born in regions … exposed to the China trade shock, the overall contribution of immigration to labor market adjustment in this episode was small … industries that would later see increased import penetration from China. The foreign-born share of the working-age population in …
Persistent link: https://www.econbiz.de/10013537796
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establishments to quantify the extent of this misallocation in China and India compared to the U.S. in recent years. Compared to the … in China and India. When capital and labor are hypothetically reallocated to equalize marginal products to the extent … observed in the U.S., we calculate manufacturing TFP gains of 25-40% in China and 50-60% in India. …
Persistent link: https://www.econbiz.de/10003517484
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