How Do Firms Adjust To Negative Labor Supply Shocks Evidence From Migration Outflows
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How Do Firms Adjust To Negative Labor Supply Shocks Evidence From Migration Outflows
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Author : Emanuele Dicarlo
language : en
Publisher:
Release Date : 2022
How Do Firms Adjust To Negative Labor Supply Shocks Evidence From Migration Outflows written by Emanuele Dicarlo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
The quality of workers in a country positively relates to productivity of firms, adoption of new technologies, and growth. This paper studies adjustments of Italian firms to negative labor supply shocks in the context of workers' outflows from Italy to Switzerland. My diff-in-diff leverages the implementation of a policy in which Switzerland granted free labor market mobility to EU citizens and different treatment intensity of Italian firms based on their distance to the Swiss border. Using detailed social security data on the universe of Italian firms and workers, I document large (12 percentage points higher) outflows of workers and fewer (2.5 percentage points) surviving firms in the treatment group relative to control. Despite replacing workers and becoming more capital intensive, treated firms are less productive and pay lower wages. I investigate this evidence through the lens of a simple production function with high and low-skilled labor within a heterogeneity analysis based on the skill intensity of the industry of each firm. In line with the brain drain literature, I show how adverse effects of large outflows of workers operate through firms that workers leave. I provide suggestive evidence that high-skill intensive firms are the main driver of the negative results on wages and productivity. I also show that low skill intensive firms instead suffer less from losing workers and provide new job opportunities for the workers who do not migrate.
How Do Firms Adjust To A Negative Labor Supply Shock
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Author : Emanuele Dicarlo
language : en
Publisher:
Release Date : 2022
How Do Firms Adjust To A Negative Labor Supply Shock written by Emanuele Dicarlo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
The Labor Market And Economic Adjustment
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Author : Pierre-Richard Agénor
language : en
Publisher: International Monetary Fund
Release Date : 1995-11-01
The Labor Market And Economic Adjustment written by Pierre-Richard Agénor and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-11-01 with Business & Economics categories.
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
The Economic And Fiscal Consequences Of Immigration
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Author : National Academies of Sciences, Engineering, and Medicine
language : en
Publisher: National Academies Press
Release Date : 2017-07-13
The Economic And Fiscal Consequences Of Immigration written by National Academies of Sciences, Engineering, and Medicine and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-13 with Social Science categories.
The Economic and Fiscal Consequences of Immigration finds that the long-term impact of immigration on the wages and employment of native-born workers overall is very small, and that any negative impacts are most likely to be found for prior immigrants or native-born high school dropouts. First-generation immigrants are more costly to governments than are the native-born, but the second generation are among the strongest fiscal and economic contributors in the U.S. This report concludes that immigration has an overall positive impact on long-run economic growth in the U.S. More than 40 million people living in the United States were born in other countries, and almost an equal number have at least one foreign-born parent. Together, the first generation (foreign-born) and second generation (children of the foreign-born) comprise almost one in four Americans. It comes as little surprise, then, that many U.S. residents view immigration as a major policy issue facing the nation. Not only does immigration affect the environment in which everyone lives, learns, and works, but it also interacts with nearly every policy area of concern, from jobs and the economy, education, and health care, to federal, state, and local government budgets. The changing patterns of immigration and the evolving consequences for American society, institutions, and the economy continue to fuel public policy debate that plays out at the national, state, and local levels. The Economic and Fiscal Consequences of Immigration assesses the impact of dynamic immigration processes on economic and fiscal outcomes for the United States, a major destination of world population movements. This report will be a fundamental resource for policy makers and law makers at the federal, state, and local levels but extends to the general public, nongovernmental organizations, the business community, educational institutions, and the research community.
High Wage Workers And High Wage Firms
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Author : John M. Abowd
language : en
Publisher: Université de Montréal, Centre de recherche et développement en économique
Release Date : 1994
High Wage Workers And High Wage Firms written by John M. Abowd and has been published by Université de Montréal, Centre de recherche et développement en économique this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
We study a longitudinal sample of over one million French workers and over 500,000 employing firms. Real total annual compensation per worker is decomposed into components related to observable characteristics, worker heterogeneity, firm heterogeneity and residual variation. Except for the residual, all components may be correlated in an arbitrary fashion. At the level of the individual, we find that person-effects, especially those not related to observables like education, are the most important source of wage variation in France. Firm-effects, while important, are not as important as person-effects. At the level of firms, we find that enterprises that hire high-wage workers are more productive but not more profitable. They are also more capital and high-skilled employee intensive. Enterprises that pay higher wages, controlling for person-effects, are more productive and more profitable. They are also more capital intensive but are not more high-skilled labor intensive. We also find that person-effects explain 92% of inter-industry wage differentials.
Handbook Of Labor Economics
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Author : Orley Ashenfelter
language : en
Publisher: Elsevier
Release Date : 1999-11-18
Handbook Of Labor Economics written by Orley Ashenfelter and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-11-18 with Business & Economics categories.
A guide to the continually evolving field of labour economics.
Immigration Trade And The Labor Market
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Author : John M. Abowd
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
Immigration Trade And The Labor Market written by John M. Abowd and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Political Science categories.
Are immigrants squeezing Americans out of the work force? Or is competition wth foreign products imported by the United States an even greater danger to those employed in some industries? How do wages and unions fare in foreign-owned firms? And are the media's claims about the number of illegal immigrants misleading? Prompted by the growing internationalization of the U.S. labor market since the 1970s, contributors to Immigration, Trade, and the Labor Market provide an innovative and comprehensive analysis of the labor market impact of the international movements of people, goods, and capital. Their provocative findings are brought into perspective by studies of two other major immigrant-recipient countries, Canada and Australia. The differing experiences of each nation stress the degree to which labor market institutions and economic policies can condition the effect of immigration and trade on economic outcomes Contributors trace the flow of immigrants by comparing the labor market and migration behavior of individual immigrants, explore the effects of immigration on wages and employment by comparing the composition of the work force in local labor markets, and analyze the impact of trade on labor markets in different industries. A unique data set was developed especially for this study—ranging from an effort to link exports/imports with wages and employment in manufacturing industries, to a survey of illegal Mexican immigrants in the San Diego area—which will prove enormously valuable for future research.
Moving For Prosperity Global Migration And Labor Markets
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Author : The World Bank
language : en
Publisher: World Bank Publications
Release Date :
Moving For Prosperity Global Migration And Labor Markets written by The World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Immigration Economics
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Author : George J. Borjas
language : en
Publisher: Harvard University Press
Release Date : 2014-06-09
Immigration Economics written by George J. Borjas and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-09 with Business & Economics categories.
Millions of people—nearly 3 percent of the world’s population—no longer live in the country where they were born. Every day, migrants enter not only the United States but also developed countries without much of a history of immigration. Some of these nations have switched in a short span of time from being the source of immigrants to being a destination for them. International migration is today a central subject of research in modern labor economics, which seeks to put into perspective and explain this historic demographic transformation. Immigration Economics synthesizes the theories, models, and econometric methods used to identify the causes and consequences of international labor flows. Economist George Borjas lays out with clarity and rigor a full spectrum of topics, including migrant worker selection and assimilation, the impact of immigration on labor markets and worker wages, and the economic benefits and losses that result from immigration. Two important themes emerge: First, immigration has distributional consequences: some people gain, but some people lose. Second, immigrants are rational economic agents who attempt to do the best they can with the resources they have, and the same holds true for native workers of the countries that receive migrants. This straightforward behavioral proposition, Borjas argues, has crucial implications for how economists and policymakers should frame contemporary debates over immigration.
Emigration And Its Economic Impact On Eastern Europe
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Author : Mr.Ruben V Atoyan
language : en
Publisher: International Monetary Fund
Release Date : 2016-07-20
Emigration And Its Economic Impact On Eastern Europe written by Mr.Ruben V Atoyan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-20 with Social Science categories.
This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While emigration has likely benefited migrants themselves, the receiving countries and the EU as a whole, its impact on sending countries’ economies has been largely negative. The analysis suggests that labor outflows, particularly of skilled workers, lowered productivity growth, pushed up wages, and slowed growth and income convergence. At the same time, while remittance inflows supported financial deepening, consumption and investment in some countries, they also reduced incentives to work and led to exchange rate appreciations, eroding competiveness. The departure of the young also added to the fiscal pressures of already aging populations in Eastern Europe. The paper concludes with policy recommendations for sending countries to mitigate the negative impact of emigration on their economies, and the EU-wide initiatives that could support these efforts.