This paper introduces an alternative to the lobbying literature’s standard assumption that “money buys policies”. Our model – in which influence-seeking requires both money to “buy access” and managerial time to “utilize access” — offers three significant benefits. First, it counters criticism that the “money-buys-policies” assumption is at odds with reality. Second, its much stronger lobbying ...

This paper examines the extent to which foreign direct investment (FDI) affects child labor. Using 1995 data for 145 countries, we find that, contrary to common fears, FDI is negatively correlated with child labor. This effect, however, disappears when controlling for per capita income. After doing so, we find no robust effect of either FDI or international trade on child labor. This result is ...

This paper analyses the link between offshoring in German plants and the offshoring potential of their employees. We use information on the offshoring potential of jobs from representative task data and merge it with linked employer-employee data, for which information on different modes of offshoring behaviour is available. We empirically identify individual and plant-level determinants of off...

We use Second World War destruction in London as a natural experiment to provide evidence on neighborhood e ects. We use a newly-collected and remarkable dataset on thousands of locations within London that records wartime destruction and the economic and social characteristics of locations from the latenineteenth to late-twentieth centuries. We combine these data with a quantitative model of t...

Untangling Trade and Technology: Evidence from Local Labor Markets We juxtapose the effects of trade and technology on employment in U.S. local labor markets between 1990 and 2007. Labor markets whose initial industry composition exposes them to rising Chinese import competition experience significant falls in employment, particularly in manufacturing and among non-college workers. Labor market...

Globalization and Labor Market Outcomes: Wage Bargaining, Search Frictions, and Firm Heterogeneity We introduce search unemployment à la Pissarides into Melitz’ (2003) model of trade with heterogeneous firms. We allow wages to be individually or collectively bargained and analytically solve for the equilibrium. We find that the selection effect of trade influences labor market outcomes. Trade l...

In this paper we propose a new speech enhancement technique based on the application of the Maximum a Posterior Estimator of Magnitude-Squared Spectrum (MSS-MAP) in Stationary Bionic Wavelet Domain. This technique consists at first step in applying the Stationary Bionic Wavelet Transform (SBWT) to the noisy speech signal and then applying the Maximum A Posterior Estimator of MagnitudeSquared Sp...

Capital accumulation can modify the relative productivity between skilled and unskilled workers, leading to changes in the wage structure. In particular, if capital goods are relatively more complementary to skilled workers, a positive correlation between investment in physical capital and the wage premium would be expected. In this paper, we present evidence for this hypothesis by taking advan...

Using a linked employer-employee data set for Germany, this paper studies how worker turnover is related to establishments‘ international trade involvement. The descriptive analysis shows that trading establishments have lower worker turnover rates than non-traders, suggesting a higher degree of employment stability. Conditional on an extensive set of control variables, exporting is further ass...

It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To provide evidence for this, we analyze the effect of firms’ exporting behavior on the elasticity of labor demand. Using rich, German administrative linked employer-employee panel data from 1996 to 2008, we explicitly control for self-selection into exporting and endogeneity concern...