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Unemployment in an interdependent world

dc.contributor.authorFelbermayr, Gabrielde
dc.contributor.authorLarch, Mariode
dc.contributor.authorLechthaler, Wolfgangde
dc.date.accessioned2024-04-08T08:42:53Z
dc.date.available2024-04-08T08:42:53Z
dc.date.created2009-09-16
dc.date.issued2009
dc.description.abstractWe introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention to the role of income effects and shows that bad institutions in one country worsen labor market outcomes not only in that country but also in its trading partners. This spill-over effect is conditioned by trade costs and country size: smaller and/or more centrally located nations suffer less from inefficient policies at home and are more heavily affected from spill-overs abroad than larger and/or peripheral ones. We offer empirical evidence for a panel of 20 rich OECD countries. Carefully controlling for institutional features and for business cycle comovements between countries, we confirm our qualitative theoretical predictions. However, the magnitude of spill-over effects is larger in the data than in the theoretical model. We show that introducing real wage rigidity can remedy this problem.en
dc.identifier.swb310792053
dc.identifier.urihttps://hohpublica.uni-hohenheim.de/handle/123456789/5276
dc.identifier.urnurn:nbn:de:bsz:100-opus-3873
dc.language.isoeng
dc.relation.ispartofseriesFZID discussion papers; 06
dc.rights.licensepubl-ohne-poden
dc.rights.licensepubl-ohne-podde
dc.rights.urihttp://opus.uni-hohenheim.de/doku/lic_ubh.php
dc.subjectSpill-over effects of labor market institutionsen
dc.subjectUnemploymenten
dc.subjectInternational tradeen
dc.subjectSearch fricitonsen
dc.subjectHeterogeneous firmsen
dc.subject.ddc330
dc.subject.gndSpill-over-Effektde
dc.subject.gndArbeitsmarktde
dc.subject.gndWelthandelde
dc.subject.gndArbeitslosigkeitde
dc.titleUnemployment in an interdependent worldde
dc.type.dcmiTextde
dc.type.diniWorkingPaperde
local.accessuneingeschränkter Zugriffen
local.accessuneingeschränkter Zugriffde
local.bibliographicCitation.publisherPlaceUniversität Hohenheimde
local.export.bibtex@techreport{Felbermayr2009, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5276}, author = {Felbermayr, Gabriel and Larch, Mario and Lechthaler, Wolfgang et al.}, title = {Unemployment in an interdependent world}, year = {2009}, school = {Universität Hohenheim}, series = {FZID discussion papers}, }
local.export.bibtexAuthorFelbermayr, Gabriel and Larch, Mario and Lechthaler, Wolfgang et al.
local.export.bibtexKeyFelbermayr2009
local.export.bibtexType@techreport
local.faculty.number7de
local.faculty.number3de
local.institute.number795de
local.institute.number520altde
local.opus.number387
local.series.issueNumber06
local.series.titleFZID discussion papers
local.universityUniversität Hohenheimde
local.university.facultyLandesanstaltende
local.university.facultyFakultät Wirtschafts- und Sozialwissenschaftende
local.university.instituteForschungszentrum Innovation und Dienstleistungde
local.university.instituteInstitut für Volkswirtschaftslehre (bis 2010)de

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