How immigration benefits natives despite labour market imperfections and income redistribution

Michele Battisti, Gabriel Felbermayr, Giovanni Peri, Panu Poutvaara 08 August 2014

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A fierce policy debate with little insight from economists

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Topics:  Labour markets Migration

Tags:  Labour Markets, unemployment, wages, immigration, redistribution, welfare, Skill Complementarities

Sourcing foreign inputs to improve firm performance

Maria Bas, Vanessa Strauss-Kahn 14 July 2014

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Should trade policy fight or promote imports of intermediate inputs? While several studies have shown the recent increase in imports of intermediate goods, their role in shaping domestic economies is not yet completely understood. Following the work of Feenstra and Hanson (1996), a large literature focuses on the impact of imported intermediate inputs on employment and inequality. It concludes that, like outsourcing, imported intermediate inputs have a role (although limited) in explaining job losses and wage reductions.

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Topics:  International trade

Tags:  employment, productivity, wages, Inequality, trade, exports, outsourcing, imports, global value chains, Intermediate inputs

Globalisation, job security, and wages

Kerem Cosar, Nezih Guner, James R Tybout 07 July 2014

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How does increased openness to international trade affect workers’ wages and job security? This question is central to the public debate concerning the effects of globalisation, but convincing quantitative answers have been difficult to come by. One fundamental reason is that major trade liberalisation episodes have often coincided with labour reforms (Heckman and Pages 2004). Colombia is a case in point. As Figure 1 shows, this country experienced deindustrialisation, higher job turnover rates, and heightened wage inequality in the years following its 1986–1991 trade liberalisation.

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Topics:  International trade Labour markets

Tags:  productivity, unemployment, globalisation, wages, trade liberalisation, Inequality, labour market reforms, exports, Colombia, job security

How highly educated immigrants raise native wages

Giovanni Peri, Kevin Shih, Chad Sparber 29 May 2014

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Immigration to the US has risen tremendously in recent decades. Though media attention and popular discourse often focus on illegal immigrants or the high foreign-born presence among less-educated workers, the data show that immigrants are drawn from both ends of the education spectrum. At the low end, immigrants grew from 5% of workers with a high school degree or less in 1970 to 20.8% in 2010. At the high end, the figure rose from 7.3% to 18.2% for those with graduate degrees over the same period.1

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Topics:  Labour markets Migration Productivity and Innovation

Tags:  US, growth, productivity, wages, immigration, innovation, complementarities, STEM

Falling real wages in the UK

David Blanchflower, Stephen Machin 12 May 2014

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There have been unprecedented falls in real wages in the UK since the start of the recession triggered by the financial crisis of 2008. This did not happen in previous economic downturns – median real wage growth slowed down or stalled, but it did not fall. Indeed, in past recessions, almost all workers in both the lowest and highest deciles of the wage distribution experienced growing real wages. It was the unemployed who experienced almost all the pain – they lost their jobs and much of their incomes, and many were unemployed for a long time.

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Topics:  Labour markets Poverty and income inequality

Tags:  US, unemployment, wages, Inequality, UK, Great Recession, real wages

The economic impact of inward FDI on the US

Theodore H. Moran, Lindsay Oldenski 04 March 2014

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The US is the second-largest recipient of FDI in the world, behind China, and by far the largest target for FDI among OECD countries (OECD 2013). The numbers are large ($253 billion for the US), and the gap with the next-largest in the OECD is impressive ($63 billion for the UK and $62 billion for France in 2012).

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Topics:  Productivity and Innovation

Tags:  R&D, US, productivity, wages, multinationals, FDI, spillovers

Competing successfully in a globalising world: Lessons from Lancashire

Nicholas Crafts, Nikolaus Wolf 22 October 2013

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The ‘first globalisation’ of the 19th century – driven by the substantial falls in trade costs associated with the age of steam – saw the ‘First Unbundling’ (Baldwin 2006), in which industrial production and consumption became spatially separated, often by large distances. The period was characterised by the simultaneous processes of industrialisation in Europe and de-industrialisation in Asia (Table 1).

Table 1. Shares of world manufacturing output (%)

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Topics:  Economic history International trade

Tags:  globalisation, wages, trade, Industrial Revolution, cities, agglomeration, industrialisation, Lancashire, cotton

The long-run gains of not mixing genders in high-school classes

Massimo Anelli, Giovanni Peri 23 February 2013

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Gender gap in college majors and earnings

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Topics:  Education Gender Labour markets

Tags:  Italy, education, wages, gender, women, labour

The case for temporary inflation in the Eurozone

Stephanie Schmitt-Grohe, Martín Uribe,

Date Published

Sun, 09/16/2012

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Why are migrants paid more? Evidence from Italian football

Alex Bryson, Rob Simmons, Giambattista Rossi 08 May 2012

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Are migrants paid more or less than natives for doing the same or similar work and, if they are paid differently, can we be sure that it is due to their migrant status rather than to other differences between migrants and natives, such as their productivity levels? This is a long-standing question in labour economics, and one which remains largely unresolved due to the inadequacies of existing data. The standard or traditional story is that migrant workers are paid less than their native counterparts, but that the gap closes over time due to assimilation into the host country.

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Topics:  Labour markets

Tags:  Italy, migrants, wages, Football

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