International competitiveness, job creation and job destruction-An establishment-level study of German job flows

• 成果类型: Article
• 署名作者: Moser, Christoph; Urban, Dieter; di Mauro, Beatrice Weder
• 署名单位: Johannes Gutenberg University of Mainz; Swiss Federal Institutes of Technology Domain; ETH Zurich; RWTH Aachen University; Leibniz Association; Ifo Institut
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2009.09.006
• 发表日期: 2010
• 页码: 302-317
• 关键词: competitiveness; Gross worker flows; Real exchange rate; openness; bankruptcy; Inverse probability weighted GMM; Attrition estimator

摘要

This study investigates the impact of international competitiveness on net employment, job creation, job destruction, and gross job flows for a representative sample of German establishments from 1993 to 2005 We find a statistically significant but economically small effect of real exchange rate shocks on employment, comparable to the one found in studies for the United States However, contrary to the United States, the employment adjustment (among surviving firms) operates mainly through the job creation rather than the job destruction rate Job destruction occurs essentially through discrete events such as restructuring, outsourcing and bankruptcy We suggest that these findings are consistent with a highly regulated labor market, in which smooth adjustment is costly and possibly delayed (C) 2009 Elsevier B V All rights reserved