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  1. Firm productivity, wages, and sorting
    Autor*in: Lochner, Benjamin; Schulz, Bastian
    Erschienen: [2021]
    Verlag:  Aarhus BSS, Department of Economics and Business Economics, Aarhus University, Aarhus

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    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 485
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Economics working papers ; 2021, 04
    Schlagworte: Assortative Matching; Labor Market Sorting; Wage Inequality; Job Mobility; Unobserved Heterogeneity; Firm Productivity; Production Function Estimation
    Umfang: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  2. Monopolistic competition, optimum product diversity, and international trade
    the role of factor endowment and factor intensities
    Autor*in: Marjit, Sugata; Mandal, Biswajit
    Erschienen: 2021
    Verlag:  Global Labor Organization (GLO), Essen

    In this paper we revisit the influential theory of monopolistic competition and optimum product variety as developed by Dixit and Stiglitz (1977) with applications in international trade by Krugman (1979,1980), by modeling fixed and variable costs of... mehr

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    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 565
    Fernleihe:
    keine Fernleihe

     

    In this paper we revisit the influential theory of monopolistic competition and optimum product variety as developed by Dixit and Stiglitz (1977) with applications in international trade by Krugman (1979,1980), by modeling fixed and variable costs of production in terms of underlying use of skilled and unskilled labor in a single good model. This is different from earlier work on multi sector variant of Krugman cum Heckscher-Ohlin-Samuelson model such as Helpman (1981) and others. In our structure factor endowment and factor intensities determine both number of varieties and output per variety in a closed economy mimicking the features of Heckscher-Ohlin-Samuelson model. Differences in factor endowments across countries determine the pattern of trade between varieties and output per variety, which is indeterminate in a standard single good Dixit-Stiglitz-Krugman model. Later we reflect on wage inequality and unemployment providing some interesting results.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/237087
    Auflage/Ausgabe: This draft August, 2021
    Schriftenreihe: GLO discussion paper ; no. 911
    Schlagworte: Monopolistic Competition; Trade; Wage Inequality; Unemployment
    Umfang: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  3. The structure of financial systems and top incomes in advanced economies
    a comparative distributional analysis of the financial wage premium
    Autor*in: Roberts, Anthony; Kwon, Roy
    Erschienen: December 2021
    Verlag:  Luxembourg Income Study (LIS), asbl, Luxembourg

    Prior country case studies show substantial wage premiums in the financial sector contributes to growth of top incomes and wage inequality in a select group of advanced economies. However, while comparative studies show financialization exerts... mehr

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 153
    Fernleihe:
    keine Fernleihe

     

    Prior country case studies show substantial wage premiums in the financial sector contributes to growth of top incomes and wage inequality in a select group of advanced economies. However, while comparative studies show financialization exerts heterogenous effects on wage inequality across advanced economies, it is unclear whether the magnitude and location of financial wage premium in the distribution of income varies across advanced economies. We address this gap in the empirical literature by examining the financial wage premium across the labor income distributions of 13 advanced economies since the 1980s using harmonized labor force data from multiple waves of the Luxembourg Income Study. Consistent with prior studies, we find the financial wage premium is concentrated at the upper end of the income distribution in most advanced economies, but the magnitude of the premium substantially varies across these economies. We account for this variation by showing the market structure of financial systems exacerbates the financial wage premium at the upper end of the distribution. Overall, this study shows the financial wage premium is an important distributional mechanism for understanding the growth of top incomes and wage inequality in advanced economies and the marketization of financial activity amplifies the wage dynamics of financialization.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/267022
    Schriftenreihe: LIS working paper series ; no. 822
    Schlagworte: Financialization; Top Incomes; Wage Inequality; Economic Methodology; Comparative Sociology
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen