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.

Exports and wages: rent sharing, workforce composition, or returns to skills? / Macis, Mario; Schivardi, Fabiano. - In: JOURNAL OF LABOR ECONOMICS. - ISSN 0734-306X. - 34:4(2016), pp. 945-978. [10.1086/686275]

Exports and wages: rent sharing, workforce composition, or returns to skills?

SCHIVARDI, FABIANO
2016

Abstract

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.
EXPORT; WAGES
Exports and wages: rent sharing, workforce composition, or returns to skills? / Macis, Mario; Schivardi, Fabiano. - In: JOURNAL OF LABOR ECONOMICS. - ISSN 0734-306X. - 34:4(2016), pp. 945-978. [10.1086/686275]
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11385/173796
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