Firm Heterogeneity, Labor Markets and International Trade
Evidence from Danish Matched Employer-Employee Data
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Beschreibung
The new macroeconomics emphasizes distributions and flows rather than static points and intersections. Because market frictions make the search for trading partners time‑consuming and costly, market participants continually transition between economic states, and trades occur at dispersed prices. These frictions generate incentives for ongoing search and for bargaining between potential trading partners.
This volume advances the empirical study of frictional markets by drawing on the unique merged Danish registers that combine firm accounting data, individual employee records, and international trade information. Using these rich data, it estimates key flow rates, dispersions, and relationships among central variables such as productivity, firm size, wages, exports, growth, and unemployment. The findings deepen our understanding of how markets function, support the interpretation of dispersion and flows as equilibrium outcomes, and offer new insights into economic cycles, adjustment dynamics, and policy design.
This volume is dedicated to the memory of Dale T. Mortensen. It acknowledges his pioneering contributions to the analysis of markets with search frictions and to the use of matched employer–employee data.
Provides estimates of key economic distributions and flows, and relations among them, using unique Danish register data on firm accounts, individual employees, and international trade Demonstrates empirical feasibility of the stochastic search and matching approach to unemployment, productivity and wage distributions, firm size, export markets, and growth Includes opening chapter by Dale T. Mortensen, who was awarded the Nobel Prize in Economic Sciences in 2010, placing the analysis in perspective and interpreting results ?
Autor*in
Henning Bunzel
Themen in »Firm Heterogeneity, Labor Markets and International Trade«
International trade Labor markets Matched employer-employee data Productivity Search and matching