The Skill‐Biased Effects of Exchange Rate Fluctuations
Bibliographic Data
| ID | 9706587 |
|---|---|
| Authors | Boris Kaiser (0000-0003-4936-8618, University of Bern), Michael Siegenthaler (0000-0002-9423-4515, KOF Swiss Economic Institute) |
| Year | 2016 |
| Volume | 126 |
| Issue | 592 |
| Pages | 756-780 |
| Publication date | 2016-05-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12376 |
| OpenAlex | W1559217364 |
| Language | EN |
| Citations received | 4 |
| References cited | 37 |
This article examines the linkages between real exchange rate movements and firms' skill demand. Augmenting the model of Campa and Goldberg (2001) with heterogeneous labour, we show that exchange rate movements may affect unskilled workers differently than skilled workers because they change the relative price of imported inputs. Using panel data on Swiss manufacturers covering the period 1998–2012, we find that an appreciation increases high‐skilled and reduces low‐skilled employment in most firms. We present evidence consistent with our model that the skill‐biased effects of exchange rates arise because unskilled labour is more substitutable with imported inputs than skilled labour
Affect (linguistics · Econometrics · Economics · Exchange rate · Labour economics · Monetary economics · Panel data · Global trade and economics · Labor Movements and Unions · Psychology · Taxation and Compliance Studies
Labor Demand
Patterns of Skill Premia
Trade, Quality Upgrading, and Wage Inequality in the Mexican Manufacturing Sector
How do Different Exporters React to Exchange Rate Changes?
The Wage Effects of Offshoring
Capital-skill Complementarity and Inequality
A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the ‘business cycle’
The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity
Another look at the instrumental variable estimation of error-components models
Initial conditions and moment restrictions in dynamic panel data models
Employment versus Wage Adjustment and the U.S. Dollar
Import Competition and Skill Content in U.S. Manufacturing Industries
Competition and Innovation
A Theory of Defensive Skill-Biased Innovation and Globalization
Labor as a Quasi-Fixed Factor
International Outsourcing and the Skill Structure of Labour Demand in the United Kingdom
| Citations per year | 0.57 |
|---|---|
| Citation span | 2019 - 2022 (4) |
| Highly cited | No |