Documents Wright, Peter W. 5 results

"We estimate the earnings, hours and income effects of job loss (displacement) for a representative sample of UK workers from 1991–2007. We are able to follow workers before and after displacement regardless of their labour market state, and we are able to precisely match displaced workers with observably similar non-displaced workers. We show that job loss is associated with a long-run reduction in income which is mainly due to reductions in monthly pay conditional on employment rather than in employment propensity. Entry into unemployment is very short-lived, and while there is some entry into other labour market states, this does little to compensate for income losses. Total income from welfare payments, including unemployment insurance, retirement income and invalidity benefit reduces losses by only 15% in the first 12 months after job loss, and become even less important as time passes. The lack of a “safety net” means that job loss in the UK has a similar effect to job loss in the US."

"This study adopts a GNP function approach in order to examine the impact of migrant labour on domestic factors of production in the United Kingdom during the period 1975-1996. We also examine the relationship between imports and migrants, which are two different facets of globalisation. We find that an increase in the number of unskilled migrants reduces the wages of unskilled domestic workers. However the quantitative impact of this increase is small. No discernible impact of migration is found for skilled native workers. The results also suggest that unskilled migrant workers and imports are substitutes in production, whilst skilled migrant workers and imports are complements"

"The authors investigate the impact of exchange rate movements on wage determination in unionized labor markets. Using a simple model of international oligopoly, the authors show that organized labor has a rational incentive to accept lower wages in the face of a currency appreciation. They examine this proposition empirically using a matched worker-firm data set for Portugal and, though the impact varies considerably with worker characteristics, find results consistent with the predictions of the model."