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The Pro-Competitive Consequences of Trade in Frictional Labor Markets

Firooz, Hamid - 2023

What are the pro-competitive consequences of trade in frictional labor markets? This paper develops and estimates a dynamic general equilibrium trade model to show that the interplay between endogenously variable markups in product markets and frictions in labor markets has important...

Persistent link: https://www.econbiz.de/10014469360

Labor reallocation in response to trade reform

Menezes Filho, Naércio Aquino; Muendler, Marc-Andreas - 2007

Tracking individual workers across employers and industries after Brazil's trade liberalization in the 1990s shows that foreign import penetration and tariff reductions trigger worker displacements but that neither comparative-advantage industries nor exporters absorb displaced workers for...

Persistent link: https://www.econbiz.de/10010264083

Trade unions Go global!

Donado, Alejandro; Waelde, Klaus - 2008

labour supply. A laissez-faire approach leaving safety of workplaces unknown is suboptimal. Safety standards set by better …

Persistent link: https://www.econbiz.de/10010264414

Unemployment in an interdependent world

Felbermayr, Gabriel J.; Larch, Mario; Lechthaler, Wolfgang - 2009

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/10010266008

Firm Dynamics and Residual Inequality in Open Economies

Felbermayr, Gabriel J.; Impullitti, Giammario; Prat, Julien - 2014

Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....

Persistent link: https://www.econbiz.de/10010333392

Industry-Level Labour Demand Elasticities Across the Eurozone: Will There Be Any Gain After the Pain of Internal Devaluation?

Adam, Antonis; Moutos, Thomas - 2014

In this paper we estimate disaggregated labour demand equations using panel data involving observations across time … data across countries, we provide industry-by-industry estimates of the labour demand function. The values of our estimated … (own-price) elasticities of labour demand are substantial, and in accordance with the findings of the empirical literature …

Persistent link: https://www.econbiz.de/10010398615

Betting on Exports: Trade and Endogenous Heterogeneity

Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino - 2015

We study the equilibrium determinants of firm-level heterogeneity in a model in which firms can affect the variance of their productivity draws at the entry stage and explore the implications in closed and open economy. By allowing firms to choose the size of their investment in innovation...

Persistent link: https://www.econbiz.de/10011388263

Financial Development and Inequality in the Global Economy

von Ehrlich, Maximilian; Seidel, Tobias - 2016

We build a heterogeneous-firms model with firm-specific wages and credit frictions to study the role of financial 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...

Persistent link: https://www.econbiz.de/10011451391

On the Effects of GATT/WTO Membership on Trade: They Are Positive and Large after All

Larch, Mario; Monteiro, José-Antonio; Piermartini, Roberta - 2019

whether and how much does GATT/WTO membership affect international trade. We are the first to capture the non …-discriminatory nature of GATT/WTO commitments by measuring the effects of GATT/WTO membership on international trade relative to domestic … sales. These unilateral effects of GATT/WTO membership are found to be large, positive, and statistically significant. We …

Persistent link: https://www.econbiz.de/10012052827

Trade Exposure and the Decline in Collective Bargaining: Evidence from Germany

Baumgarten, Daniel; Lehwald, Sybille - 2019

We analyze the effect of the increase in trade exposure induced by the rise of China and the transformation of Eastern Europe on collective bargaining coverage of German plants in the period 1996–2008. We exploit cross-industry variation in trade exposure and use trade flows of other...

Persistent link: https://www.econbiz.de/10012052860