| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9855 |
| DP9855 Firm Dynamics and Residual Inequality in Open Economies | |
| Julien Prat; Giammario Impullitti | |
| 发表日期 | 2014-03-02 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers. Wage inequality across and within firms results from their different hiring needs along their life cycles and the convexity of their adjustment costs. The interaction between wage posting and firm growth explains some recent empirical regularities on firm and labor market dynamics. Fitting the model to capture key features obtained from German linked employer-employee data, we investigate how falling trade costs and institutional reforms interact in shaping labor market outcomes. Focusing on the period 1996-2007, we find that neither trade nor key features of the Hartz labor market reforms account for the sharp increase in residual inequality observed in the data. By contrast, inequality is highly responsive to the increase in product market competition triggered by domestic regulatory reform. |
| 主题 | International Trade and Regional Economics ; Labour Economics |
| 关键词 | Directed search Firm dynamics International trade Product and labor market regulation Wage inequality |
| URL | https://cepr.org/publications/dp9855 |
| 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/538689 |
| 推荐引用方式 GB/T 7714 | Julien Prat,Giammario Impullitti. DP9855 Firm Dynamics and Residual Inequality in Open Economies. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
