| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12728 |
| DP12728 Exports and labor costs: Evidence from a French Policy | |
| Thierry Mayer; Clément Malgouyres | |
| 发表日期 | 2018-02-16 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We investigate the role that labor costs hold in exporters' performance. To do so, we exploit a large-scale French reform that granted most firms a tax credit proportional to the wagebill of their employees paid below a given threshold. This policy effectively translated into a cut in labor cost whose magnitude varies depending on firm-specific wage structures. We use the predicted treatment intensity based on pre-reform composition of the labor force as an instrument for the actual policy-induced firm-level change in labor costs. Although our point estimates are consistent with commonly estimated firm-level trade elasticities combined with reasonable labor shares in total costs, coefficients are found to be very noisy, suggesting lack of robust evidence of a causal effect of the policy. We discuss several potential explanations for our results as well as their implications. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Labor costs Firm-level exports Competitiveness |
| URL | https://cepr.org/publications/dp12728 |
| 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/541539 |
| 推荐引用方式 GB/T 7714 | Thierry Mayer,Clément Malgouyres. DP12728 Exports and labor costs: Evidence from a French Policy. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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