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aggregate employment. -- structural models ; heterogeneous firms ; fair wages ; labour market imperfections ; exporter wage …
Persistent link: https://www.econbiz.de/10009581985
Eastern enlargement of the EU promises gains, but also imposes fiscal costs on incumbent countries. A sensitive issue concerns immigration, jobs and wages. We address these issues in a general equilibrium framework, both analytically and through numerical simulations. Analytical results identify...
Persistent link: https://www.econbiz.de/10011409819
The paper develops a unified general equilibrium model including savings with overlapping generations, investment and search unemployment. Long-run analytical results for the small open economy identify capital accumulation as a prime transmission channel. The effects of integration on...
Persistent link: https://www.econbiz.de/10009781622
Persistent link: https://www.econbiz.de/10003624588
and the offshoring of tasks. At the firm-level, exporting leads to higher wages and employment, while offshoring of … production tasks reduces the wages paid to unskilled workers as well as their domestic employment. At the aggregate level, trade … firms restrict employment to keep wages low, resulting in too many firms that are on average too small. Offshoring on the …
Persistent link: https://www.econbiz.de/10012040100