Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy

• 成果类型: Article
• 署名作者: Cosar, A. Kerem; Guner, Nezih; Tybout, James
• 署名单位: Stockholm School of Economics; Autonomous University of Barcelona; ICREA; Barcelona School of Economics; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; National Bureau of Economic Research
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20110457
• 发表日期: 2016
• 页码: 625-663
• 关键词: trade; LABOR; COSTS; GLOBALIZATION; unemployment; adjustment; GROWTH; size; performance; INEQUALITY

摘要

This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics, job turnover, and wage distributions. It uses establishment-level data from Colombia to estimate an open economy dynamic model that links trade to job flows and wages. Counterfactual experiments imply that Colombia's integration with global product markets increased its national income at the expense of higher unemployment, greater wage inequality, and increased firm-level volatility. In contrast, contemporaneous labor market reforms dampened the increase in unemployment and aggregate job turnover. The results speak more generally to the effects of globalization on labor markets.