| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w29348
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| 来源ID | Working Paper 29348
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| Outsourcing, Inequality and Aggregate Output |
| Adrien Bilal; Hugo Lhuillier
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| 发表日期 | 2021-10-11
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| 出版年 | 2021
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| 语种 | 英语
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| 摘要 | Outsourced workers experience large wage declines, yet domestic outsourcing may raise aggregate productivity. To study this equity-efficiency trade-off, we contribute a framework in which firms either hire many imperfectly substitutable worker types in-house by posting wages along a job ladder, or rent labor services from contractors who hire in the same frictional labor markets. Three implications arise. First, more productive firms are more likely to outsource to save on higher wage premia. Second, outsourcing raises output at the firm level. Third, contractors endogenously locate at the bottom of the job ladder, implying that outsourced workers receive lower wages. Using firm-level instruments for outsourcing and revenue productivity, we find empirical support for all three predictions in French administrative data. After structurally estimating the model, we find that the rise in outsourcing in France between 1996 and 2007 raised aggregate output by 3% and reduced the labor share by 0.7 percentage points. A 9% minimum wage increase stabilizes the labor share and maintains two thirds of the output gains. |
| 主题 | Macroeconomics
; Consumption and Investment
; Fiscal Policy
; International Economics
; Trade
; Labor Economics
; Labor Supply and Demand
; Labor Compensation
; Labor Market Structures
; Development and Growth
; Growth and Productivity
|
| URL | https://www.nber.org/papers/w29348
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587022
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推荐引用方式
GB/T 7714 |
Adrien Bilal,Hugo Lhuillier. Outsourcing, Inequality and Aggregate Output. 2021.
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文件名：
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w29348.pdf
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格式：
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Adobe PDF
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