| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8727 |
| DP8727 Trade, Wages, and Profits | |
| Peter Egger; Udo Kreickemeier; Hartmut Egger | |
| 发表日期 | 2011-12-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences. In the underlying theoretical framework, such preferences lead to a link between a firm's operating profits on the one hand and wages of workers employed by this firm on the other hand. The latter establishes an exporter wage premium, since exporters have higher profits, given their productivity, than non-exporting firms. We estimate the parameters of the model in a data-set of five European economies and find that, when evaluated at these parameter values, the model has a high level of explanatory power. The estimates also enable us to quantify the exporter wage premium and the consequences of trade for the main variables of interest. According to our results, openness to international trade contributes to greater inequality across firms in terms of both operating profits and average wages. We also find evidence for gains from trade for all five countries, which go along with negative, but quantitatively moderate, aggregate employment effects. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Exporter wage premium Fair wages Heterogeneous firms Labour market imperfections Structural models |
| URL | https://cepr.org/publications/dp8727 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537562 |
| 推荐引用方式 GB/T 7714 | Peter Egger,Udo Kreickemeier,Hartmut Egger. DP8727 Trade, Wages, and Profits. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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