Economists have two standard explanations for the absence of substantial nominal wage pressures in the current macroeconomic climate. The first, and more traditional, view asserts that the NAIRU has drifted downward over the last decade, while the second posits the establishment of a "new...

Using county-level data from the 1980s and 1990s and a county-level trade measure that incorporates the county's industrial mix and patterns of international trade across industries, I provide new evidence that trade with developing countries raises the demand for skill and the skill premium in...

Recent panel data is used to reconsider the determinants of interstate differences in the ratio of insured to total unemployment. We conclude that previous research on the influence of replacement rates, duration of jobless spells and female labor force participation is robust, but find that...

The impact of increased export activity on plant wages is estimated in a developing country context. To avoid potential endogenous selection problems, the empirical analysis benefits from exogenous variation in exports induced by a policy experiment--an export subsidy system implemented in Chile...

Plant-level panel data from Mexico's Annual Industrial Survey is employed to evaluate the impact of reductions in tariffs and import license coverage on final goods, as well as intermediates, on firms'investment decisions. Using data from 1984 to 1990, a period during which a large scale trade...

Unlike manufacturing employers, "small" agricultural employers are generally not required to participate in the Unemployment Insurance system, which leaves many farm workers ineligible for unemployment benefits. Theory implies that displaced workers who are ineligible for benefits experience...

I extend <xref ref-type="bibr" rid="R7">Cho, Sheldon, and McCorriston's (2002)</xref> analysis of the effect of exchange rate volatility on agricultural trade among the G-10 countries to a broad sample of developed and developing nations. I replicate their original finding that exchange rate volatility has a large negative impact on...

We estimate the impact of exchange rate volatility on firms' investment decisions in a developing country setting. Employing plant-level panel data from the Colombian Manufacturing Census, we estimate a dynamic investment equation using the system-GMM estimator developed by Arellano and Bover...