-least-squares method. The results indicate that GVC position is negatively correlated both with wages and with employment, while the effect …This article examines the overall effect of global value chains (GVCs) on labour market outcomes, namely wages and …

-specific inputs in production. In an equilibrium model of the U.S. labor market, we examine the responses of employment and wages to …We characterize the employment value of different worker-occupation matches and estimate the substitutability of match … shifts in technology and match values. Earnings are mainly driven by technology while match value heterogeneity influences …

In the United States, the employment rate is nearly flat across wealth quintiles with the exception of the first … quintile. Correlations between wealth and employment are close to zero or moderately positive. However, incomplete markets … employment. Using a fairly standard incomplete markets model calibrated to match the distribution of wealth, I find that …