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Full-Text Articles in Social and Behavioral Sciences
Employment Impacts Of Environmental Regulation, Timothy Bartik
Employment Impacts Of Environmental Regulation, Timothy Bartik
Timothy J. Bartik
This research paper addressed the issue of evaluating and improving potential links between employment impacts of environmental regulation and benefit-cost analysis. The research examined labor market conditions that would justify relaxing the full employment assumption within benefit-cost analysis. This information may be influential to the opportunity cost of unemployed labor and addresses the measurement of influential variables. The research was presented at two workshops in Washington, D.C.: a “planning” workshop in Spring 2012 and a “presentation” workshop in Fall 2012.
Michigan Competitiveness For Economic Development Report, Timothy Bartik, George Erickcek
Michigan Competitiveness For Economic Development Report, Timothy Bartik, George Erickcek
Timothy J. Bartik
Institute staff evaluated Michigan's competitiveness for economic development compared to the nation and nearby states. The report analyzed several aspects of Michigan's competitiveness including: tax competitiveness, Michigan's growth and industry mix, Michigan's competitiveness in human capital, and the competitiveness of Michigan's metropolitan areas. The report also included an executive summary targeted to a broader audience
O¤Shoring, Unemployment, And Welfare With Risk Averse Workers, Priya Ranjan
O¤Shoring, Unemployment, And Welfare With Risk Averse Workers, Priya Ranjan
Priya Ranjan
This paper studies the welfare and policy implications of offshoring when risk averse workers face the risk of unemployment. If offshored inputs can be easily substituted for domestic workers, then offshoring reduces wages and increases unemployment. In this situation, in the absence of any government intervention offshoring not only reduces the welfare of workers but could reduce aggregate welfare as well if workers are highly risk averse and the markets for insurance against unemployment risk are missing. In addition to unemployment insurance, the role of employment protection policies- severance payments and administrative cost of firing -in protecting workers against the …
Offshoring And Unemployment:The Role Of Search Frictions And Labor Mobility, Devashish Mitra, Priya Ranjan
Offshoring And Unemployment:The Role Of Search Frictions And Labor Mobility, Devashish Mitra, Priya Ranjan
Priya Ranjan
In a two-sector, general-equilibrium model with labor-market search frictions, we find that wage increases and sectoral unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the sector with the lower (or equal) vacancy costs, there is an unambiguous decrease in economywide unemployment. With imperfect intersectoral labor mobility, unemployment in the offshoring sector can rise, with an unambiguous unemployment reduction in the non-offshoring sector. Imperfect labor mobility can result in a mixed equilbrium in which only some firms in the industry offshore, with unemployment in this sector rising.
Offshoring And Unemployment, Devashish Mitra, Priya Ranjan
Offshoring And Unemployment, Devashish Mitra, Priya Ranjan
Priya Ranjan
In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by search frictions. We find that, contrary to general perception, wage increases and sectoral unemployment decreases due to offshoring. This result can be understood to arise from the productivity enhancing (cost reducing) effect of offshoring. If the search cost is identical in the two sectors, or even if the search cost is higher in the sector which experiences offshoring, the economywide …