Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility:
This paper explores how different investment frictions affect the patterns of responses of labor markets to tariff cuts. To investigate these patterns, this paper formulates a multi-sector dynamic model featuring capital and labor adjustment costs that is fitted to Argentine data. Counterfactual sim...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2021
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper explores how different investment frictions affect the patterns of responses of labor markets to tariff cuts. To investigate these patterns, this paper formulates a multi-sector dynamic model featuring capital and labor adjustment costs that is fitted to Argentine data. Counterfactual simulations of a tariff decline in the textile sector are used to show that capital adjustment can create long-run responses of real wages that are larger than the short-run responses. This happens as textile firms disinvest during the transition. This paper also shows that the reduction of tariffs on capital inputs boosts investment and real wages across sectors. This paper assesses the nature of capital adjustment costs, including fixed, convex, and irreversibility costs in determining these patterns of labor market responses to trade reforms |
| Beschreibung: | 1 Online-Ressource (59 Seiten) |
| DOI: | 10.1596/1813-9450-9775 |
Internformat
MARC
| LEADER | 00000nmm a22000001c 4500 | ||
|---|---|---|---|
| 001 | BV049080979 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 230731s2021 xxu|||| o||u| ||||||eng d | ||
| 024 | 7 | |a 10.1596/1813-9450-9775 |2 doi | |
| 035 | |a (ZDB-1-WBA)071024905 | ||
| 035 | |a (OCoLC)1392154662 | ||
| 035 | |a (DE-599)KEP071024905 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 |a DE-19 |a DE-355 |a DE-703 |a DE-91 |a DE-706 |a DE-29 |a DE-M347 |a DE-473 |a DE-824 |a DE-20 |a DE-739 |a DE-1043 |a DE-863 |a DE-862 | ||
| 100 | 1 | |a Artuc, Erhan |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility |c Erhan Artuc |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2021 | |
| 300 | |a 1 Online-Ressource (59 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 520 | 3 | |a This paper explores how different investment frictions affect the patterns of responses of labor markets to tariff cuts. To investigate these patterns, this paper formulates a multi-sector dynamic model featuring capital and labor adjustment costs that is fitted to Argentine data. Counterfactual simulations of a tariff decline in the textile sector are used to show that capital adjustment can create long-run responses of real wages that are larger than the short-run responses. This happens as textile firms disinvest during the transition. This paper also shows that the reduction of tariffs on capital inputs boosts investment and real wages across sectors. This paper assesses the nature of capital adjustment costs, including fixed, convex, and irreversibility costs in determining these patterns of labor market responses to trade reforms | |
| 650 | 4 | |a Capital Adjustment | |
| 650 | 4 | |a International Economics and Trade | |
| 650 | 4 | |a Labor Market Dynamic | |
| 650 | 4 | |a Labor Markets | |
| 650 | 4 | |a Labor Mobility | |
| 650 | 4 | |a Social Protections and Labor | |
| 650 | 4 | |a Tariff Cut | |
| 650 | 4 | |a Trade Policy | |
| 650 | 4 | |a Trade Shock | |
| 650 | 4 | |a Wages | |
| 700 | 1 | |a Brambilla, Irene |e Sonstige |4 oth | |
| 700 | 1 | |a Porto, Guido |e Sonstige |4 oth | |
| 856 | 4 | 0 | |u https://doi.org/10.1596/1813-9450-9775 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-034342869 | |
Datensatz im Suchindex
| _version_ | 1812671849885073408 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Artuc, Erhan |
| author_facet | Artuc, Erhan |
| author_role | aut |
| author_sort | Artuc, Erhan |
| author_variant | e a ea |
| building | Verbundindex |
| bvnumber | BV049080979 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)071024905 (OCoLC)1392154662 (DE-599)KEP071024905 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1596/1813-9450-9775 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nmm a22000001c 4500</leader><controlfield tag="001">BV049080979</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">230731s2021 xxu|||| o||u| ||||||eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1596/1813-9450-9775</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)071024905</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1392154662</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP071024905</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Artuc, Erhan</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility</subfield><subfield code="c">Erhan Artuc</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2021</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (59 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">This paper explores how different investment frictions affect the patterns of responses of labor markets to tariff cuts. To investigate these patterns, this paper formulates a multi-sector dynamic model featuring capital and labor adjustment costs that is fitted to Argentine data. Counterfactual simulations of a tariff decline in the textile sector are used to show that capital adjustment can create long-run responses of real wages that are larger than the short-run responses. This happens as textile firms disinvest during the transition. This paper also shows that the reduction of tariffs on capital inputs boosts investment and real wages across sectors. This paper assesses the nature of capital adjustment costs, including fixed, convex, and irreversibility costs in determining these patterns of labor market responses to trade reforms</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Capital Adjustment</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">International Economics and Trade</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Labor Market Dynamic</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Labor Markets</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Labor Mobility</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Social Protections and Labor</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Tariff Cut</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Trade Policy</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Trade Shock</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wages</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Brambilla, Irene</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Porto, Guido</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1596/1813-9450-9775</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-034342869</subfield></datafield></record></collection> |
| id | DE-604.BV049080979 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:58Z |
| indexdate | 2024-10-12T04:03:07Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034342869 |
| oclc_num | 1392154662 |
| open_access_boolean | 1 |
| owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| physical | 1 Online-Ressource (59 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 2021 |
| publishDateSearch | 2021 |
| publishDateSort | 2021 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Artuc, Erhan Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility Capital Adjustment International Economics and Trade Labor Market Dynamic Labor Markets Labor Mobility Social Protections and Labor Tariff Cut Trade Policy Trade Shock Wages |
| title | Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility |
| title_auth | Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility |
| title_exact_search | Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility |
| title_exact_search_txtP | Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility |
| title_full | Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility Erhan Artuc |
| title_fullStr | Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility Erhan Artuc |
| title_full_unstemmed | Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility Erhan Artuc |
| title_short | Patterns of Labor Market Adjustment to Trade Shocks with Imperfect Capital Mobility |
| title_sort | patterns of labor market adjustment to trade shocks with imperfect capital mobility |
| topic | Capital Adjustment International Economics and Trade Labor Market Dynamic Labor Markets Labor Mobility Social Protections and Labor Tariff Cut Trade Policy Trade Shock Wages |
| topic_facet | Capital Adjustment International Economics and Trade Labor Market Dynamic Labor Markets Labor Mobility Social Protections and Labor Tariff Cut Trade Policy Trade Shock Wages |
| url | https://doi.org/10.1596/1813-9450-9775 |
| work_keys_str_mv | AT artucerhan patternsoflabormarketadjustmenttotradeshockswithimperfectcapitalmobility AT brambillairene patternsoflabormarketadjustmenttotradeshockswithimperfectcapitalmobility AT portoguido patternsoflabormarketadjustmenttotradeshockswithimperfectcapitalmobility |