Exports and wages: Rent sharing, workforce composition, or returns to skills?
We use linked employer-employee data from Italy to explore the relationship between exports and wages. Exploiting the 1992 devaluation of the lira, we show that exporting firms both pay a wage premium above what their workers would earn in the outside labor market (the “rent-sharing” effect) and emp...
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Veröffentlicht in: | Journal of labor economics 2016-10, Vol.34 (4), p.945-978 |
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Hauptverfasser: | , |
Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | We use linked employer-employee data from Italy to explore the relationship between exports and wages. Exploiting the 1992 devaluation of the lira, we show that exporting firms both pay a wage premium above what their workers would earn in the outside labor market (the “rent-sharing” effect) and employ workers whose skills command a higher price after the devaluation (the “skill composition” effect). The latter only emerges once we allow for the value of workers’ skills to differ in the pre- and post-devaluation periods. We also document that the export wage premium is larger for workers with more export-related experience. |
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ISSN: | 0734-306X 1537-5307 |
DOI: | 10.1086/686275 |