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vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real …
Persistent link: https://www.econbiz.de/10003996447
The economic effects of offshoring have been subject to extensive empirical analysis in the past, but many studies have … not accurately distinguished between offshoring, domestic outsourcing, and the substitution of domestic by foreign … suppliers. In this study I provide stylized facts on offshoring in Europe between 1995 and 2008 taking into account this …
Persistent link: https://www.econbiz.de/10009570478
reassessment, we estimate employment responses to loss or reduction of benefits. We find that among those who left disability …-reform employment status. 81% of beneficiaries who had some employment in the pre-reform year worked, while only 33% of those without … pre-reform employment did. The gains of the reform in activating beneficiaries were small and strongly driven by pre …
Persistent link: https://www.econbiz.de/10014343086
The paper elaborates on the employment intensity of growth. Previous evidence regarding this question is surveyed … that the employment intensity of growth is influenced by the country's wage setting process, the share of the service …
Persistent link: https://www.econbiz.de/10011474618
This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian externalities and other intra- and inter-regional spillovers...
Persistent link: https://www.econbiz.de/10003864488
How inflation and unemployment are related in both the short run and long run is perhaps the key question in macroeconomics. This paper tests various price equations using quarterly U.S. data from 1952 to the present. Issues treated are the following. 1) Estimating price and wage equations in...
Persistent link: https://www.econbiz.de/10003485052
This paper argues that there is a nonzero inflation-unemployment tradeoff in the long-run due to frictional growth, a phenomenon that encapsulates the interplay of nominal staggering and money growth. The existence of a downward-sloping long-run Phillips curve suggests the development of a...
Persistent link: https://www.econbiz.de/10003485605
should also incorporate the cost of generating and maintaining long-term employment relationships, along with conventional …
Persistent link: https://www.econbiz.de/10003485608
Euro area (Germany, France, Italy and Spain), the UK and the USA. The result are very different for the countries …
Persistent link: https://www.econbiz.de/10003485609
This paper re-examines the validity of the Phillips-Curve framework using US data. We make three main innovations. First, we introduce into the well-known Calvo price staggering framework, a regime-dependent price-changing signal. This means that a state-dependent linearization is no longer...
Persistent link: https://www.econbiz.de/10003486501