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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...
Persistent link: https://www.econbiz.de/10012612957
Globalization affects the mix of jobs available in an economy and the rate at which workers gain skills. We develop a model in which firms differ in terms of productivity and workers differ in skills, and use the model to examine how globalization affects the wage distribution and the career...
Persistent link: https://www.econbiz.de/10013208831
This paper studies the link between a firms education level, export performance and wages of its workers. We argue that … that firms with high export intensities pay higher wages. However, an interaction term between export intensity and skill … intensity has a positive impact on wages and it absorbs the direct effect of the export intensity. That is, we find an export …
Persistent link: https://www.econbiz.de/10010320912
Globalization might affect the mix of jobs available in an economy and the rate at which workers gain skills. We develop a model in which firms differ in terms of productivity and skills and use the model to examine how globalization affects the wage distribution and the career path of workers...
Persistent link: https://www.econbiz.de/10012145474
Globalization might affect the mix of jobs available in an economy and the rate at which workers gain skills. We develop a model in which firms differ in terms of productivity and skills and use the model to examine how globalization affects the wage distribution and the career path of workers...
Persistent link: https://www.econbiz.de/10011943204
Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger incentives to train and upgrade their skills and/or may benefit from more rapid careers. Hence, the...
Persistent link: https://www.econbiz.de/10010274735
Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger incentives to train and upgrade their skills and/or may benefit from more rapid careers. Hence, the...
Persistent link: https://www.econbiz.de/10008697164
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014507553
starting to export on plant performance. We find positive effects on growth of employment, labor productivity, and wages. …
Persistent link: https://www.econbiz.de/10010295557
Sowjetunion, die zwischen 1989 und 1994 nach Deutschland eingewandert sind. Die Ergebnisse zeigen, dass Migranten einen geringeren …
Persistent link: https://www.econbiz.de/10009771160