presse@iwh-halle.de
Pills or puts?
Shuo Xia
Financial Times, February 2, 2024
This paper looks at the integration of regions and nations through the prism of the merger of populations (societies). The paper employs a particular index of social stress. Stylized examples of the merging of two populations suggest that with integration, the social stress index will increase.
Using a broad set of national industry trade shocks, I employ a novel approach to estimate agglomeration effects by exploiting within industry variation in indirect exposure to the other local industries’ (national) trade shocks across local labor markets.
Over the past 40 years, the share of non-wage benefits in employee compensation grew from 5% to 30%. Using disaggregated data from Glassdoor, we first document a series of stylized facts about the availability of non-wage benefits and how these benefits are correlated with firm characteristics.
The public mechanical clock and the movable type printing press were two of the most important and complex general purpose technologies of the late medieval period.
We estimate the effect of industrial robots on employment, wages, and the composition of jobs in German labor markets between 1994 and 2014. We find that the adoption of industrial robots had no effect on total employment in local labor markets specializing in industries with high robot usage.
We identify the effects of exogenous credit constraints on firm ability to attract and retain skilled workers. To do so, we exploit a shock to the value of the pension obligations of Portuguese banks resulting from a change in accounting norms.
The increasing rates of opioid abuse has had a significant impact on the United States. This paper shows that the opioid epidemic has implications for firms which must now contend with a lower pool of available and productive workers.
Despite their importance, the discussion of spillover effects in empirical research misses the rigor dedicated to endogeneity concerns.