Open access
Datum
2015-06Typ
- Working Paper
ETH Bibliographie
yes
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Abstract
This paper examines the linkages between real exchange rate movements and firms’ skill demand. Real exchange rate movements may affect unskilled workers differently than skilled workers because of skill-specific adjustment costs, or because exchange rates lead to changes in relative factor prices and firms’ competition intensity. Using panel data on Swiss manufacturers, we find that an appreciation increases high-skilled and reduces low-skilled employment in most firms, while total employment remains roughly unchanged. We find evidence that exchange rates influence firms’ skill intensity because they affect outsourcing activities, innovation efforts, and firms’ compensation schemes. Mehr anzeigen
Persistenter Link
https://doi.org/10.3929/ethz-a-010479940Publikationsstatus
publishedZeitschrift / Serie
KOF Working PapersBand
Verlag
KOF Swiss Economic Institute, ETH ZurichThema
LABOUR MARKET AND EMPLOYMENT; Firms’ Foreign Exposure; BUSINESS ORGANIZATIONS; ARBEITSMARKT UND BESCHÄFTIGUNG; Real Exchange Rates; Employment; UNTERNEHMENSORGANISATIONEN; SCHWEIZ (MITTELEUROPA). SCHWEIZERISCHE EIDGENOSSENSCHAFT; WIRTSCHAFTLICHER WETTBEWERB; SWITZERLAND (CENTRAL EUROPE). SWISS CONFEDERATION; Labor Demand; ECONOMIC COMPETITION; Skill Intensity; WECHSELKURS; EXCHANGE RATEOrganisationseinheit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ETH Bibliographie
yes
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