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Firm dynamics, job turnover, and wage distributions in an open economy
Cosar, A. Kerem; Guner, Nezih; Tybout, James R. - 2013
This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics, job turnover, and wage distributions. It uses establishment-level data from Colombia to estimate an open economy dynamic model that links trade to job flows in a new way. The...
Persistent link: https://www.econbiz.de/10010208595
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Firm dynamics and residual inequality in open economies
Felbermayr, Gabriel; Impullitti, Giammario; Prat, Julien - 2014
Increasing wage inequality between similar workers plays an important role for overall inequality trends in … trade with heterogeneous firms and homogeneous workers. Wage inequality across and within firms results from their different … Hartz labor market reforms account for the sharp increase in residual inequality observed in the data. By contrast …
Persistent link: https://www.econbiz.de/10010246655
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Firm dynamics and residual inequality in open economies
Felbermayr, Gabriel; Giammario, Impullitti; Prat, Julien - 2014
Increasing wage inequality between similar workers plays an important role for overall inequality trends in … trade with heterogeneous firms and homogeneous workers. Wage inequality across and within firms results from their different … Hartz labor market reforms account for the sharp increase in residual inequality observed in the data. By contrast …
Persistent link: https://www.econbiz.de/10010250120
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Micro-mechanisms behind declining labour shares : market power, production processes, and global competition
Mertens, Matthias - 2019
This article investigates how changing production processes and increasing market power at the firm level relate to a fall in Germany’s manufacturing sector labour share. Coinciding with the fall of the labour share, I document a rise in firms’ product and labour market power. Notably,...
Persistent link: https://www.econbiz.de/10011975260
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Accounting for the Evolution of China's Production and Trade Patterns
Huang, Hanwei; Ju, Jiandong; Yue, Vivian Z. - National Bureau of Economic Research - 2024
This paper studies the evolution of China's production and trade patterns during its integration into the global economy. We document and explain new facts concerning changes in production and exports at the industry and firm levels using microdata and a quantitative Ricardian and...
Persistent link: https://www.econbiz.de/10014544694
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Monetary policy and inequality under labor market frictions and capital-skill complementarity
Dolado, Juan J.; Motyovszki, Gergö; Pappa, Euē - 2018
unexpected monetary easing increases labor income inequality between high and low-skilled workers, and that the interaction … targeting is often the most successful rule in stabilizing measures of earnings inequality even in the presence of shocks which …
Persistent link: https://www.econbiz.de/10011853562
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Export and labor market outcomes : a supply chain perspective : evidence from Vietnam
Kokas, Deeksha; López Acevedo, Gladys; Vu, Ha - 2023
Are the labor market changes from exports specific to exporting industries, or do they dissipate throughout the economy? To analyze this question, we study the case of Vietnam. Vietnam exported a total of $356B, making it the number 18 exporter in the world in 2021. Recent studies show provinces...
Persistent link: https://www.econbiz.de/10014422578
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Unemployment in an interdependent world
Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2012
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10011452156
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The pro-competitive consequences of trade in frictional labor markets
Firooz, Hamid - 2023
inequality rise almost three times more than in a model with constant markups (in the steady state). The presence of labor market …
Persistent link: https://www.econbiz.de/10014364693
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Financial development and inequality in the global economy
Ehrlich, Maximilian von; Seidel, Tobias - 2016
development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage … inequality and unemployment. In contrast, if there are many high-productive firms (those that export), financial development may … have opposite effects - especially if trade costs are low. In sum, the implications of financial development for inequality …
Persistent link: https://www.econbiz.de/10011430585