T Philippon… - 2009 - nber.org
We use detailed information about wages, education and occupations to shed light on the
evolution of the US financial sector over the past century. We uncover a set of new,
interrelated stylized facts: financial jobs were relatively skill intensive, complex, and highly ...
T Philippon… - 2007 - nber.org
Over the past 60 years, the US financial sector has grown from 2.3% to 7.7% of GDP. While
the growth in the share of value added has been fairly linear, it hides a dramatic change in
the composition of skills and occupations. In the early 1980s, the financial sector started ...
W Easterly, A Reshef… - 2009 - papers.ssrn.com
Abstract: The authors systematically document remarkably high degrees of concentration in
manufacturing exports for a sample of 151 countries over a range of 3,000 products. For
every country manufacturing exports are dominated by a few" big hits" which account for ...
S Kalemli-Ozcan, A Reshef, BE Sørensen… - The Review of …, 2010 - MIT Press
Abstract The magnitude and the direction of net international capital flows do not fit
neoclassical models. The fifty US states comprise an integrated capital market with very low
barriers to capital flows, which makes them an ideal testing ground for neoclassical ...
R Islam… - 2006 - papers.ssrn.com
Abstract: Good institutional quality (function) and similar institutional design (form) can
promote international trade by reducing transactions costs. The authors evaluate the relative
importance of function versus form in a gravity model, using an indicator of different legal ...
The magnitude and the direction of net international capital flows does not fit neo-classical
models. The 50 US states comprise an integrated capital market with very low barriers to
capital flows, which makes them an ideal testing ground for neoclassical models. We ...
W Easterly… - 2010 - nber.org
We establish the following stylized facts:(1) Exports are characterized by Big Hits,(2) the Big
Hits change from one period to the next, and (3) these changes are not explained by global
factors like global commodity prices. These conclusions are robust to excluding ...
S Kalemli-Ozcan, A Reshef… - IIIS Discussion Paper No. …, 2005 - papers.ssrn.com
Abstract: We study net capital flows between US states. We present a simple neoclassical
model in which total factor productivity (TFP) varies across states and over time and where
capital freely moves across state borders. In this framework capital flows to states that ...
[CITATION] Skill Biased Financial Development: Education, Wages and Occupation in the US Finance Sector
T Philippon… - NYU Stern Business School mimeograph, 2007
T Philippon… - 2008 - people.virginia.edu
Abstract We use detailed information about wages, education and occupations to shed light
on the composition and inner workings of the financial sector in the US over the past century.
This paper has three contributions. First, we uncover a set of new, interrelated stylized ...
T Philippon… - 2011 - people.virginia.edu
Abstract Jobs in Finance were skill intensive, complex, and highly paid before 1933 and
after 1980, but not in the interim period. Financial regulations, corporate finance, and
information technology explain the evolution of skill intensity. Changes in skill intensity ...
[CITATION] Heckscher-Ohlin and the Global Rise of Skill Premia: Factor Intensity Reversals to the Rescue
A Reshef - Manuscript, New York University, 2005
A Reshef… - Research Working papers, 2006 - ingentaconnect.com
Abstract: Good institutional quality (function) and similar institutional design (form) can
promote international trade by reducing transactions costs. The authors evaluate the relative
importance of function versus form in a gravity model, using an indicator of different legal ...
W Easterly… - 2009 - eiit.org
Abstract Economic development is strongly correlated with success at exporting
manufac'tures. What is the nature of this success? We systematically document remarkably
high degrees of concentration in manufacturing exports for a sample of 151 countries over ...
A Reshef - 2007 - people.virginia.edu
Abstract This paper advances the claim that trade liberalization has been a strong force
behind the global increase of skill premia, in particular in skill) scarce, de) veloping
countries. By introducing skill) intensity reversals, the Heckscher) Ohlin framework ...
[CITATION] What Determines Capital Income Flows and Ownership Across US States?
S Kalemli-Ozcan, A Reshef, B Sorensen… - 2003 - mimeo
ABSTRACT We propose a theory that rising globalization and rising wage inequality are
related because trade liberalization raises the demand for highly competitive skill-intensive
firms. In our model, only the lowest-cost firms participate in the global economy exactly ...
T Philippon… - 2009 - cepr.org
We use detailed information about wages, education and occupations to shed light on the
evolution of the US financial sector over the past century. We uncover a set of new,
interrelated stylized facts: financial jobs were relatively skill intensive, complex, and highly ...
AR Sebnem Kalemli-Ozcan, BE Sørensen… - 2005 - ideas.repec.org
We study net capital flows between US states. We present a simple neoclassical model in
which total factor productivity (TFP) varies across states and over time and where capital
freely moves across state borders. In this framework capital flows to states that experience ...
[CITATION] Trade and Harmonization: If your institutions are good, does it matter if they are different? Roumeen Islam World Bank
A Reshef
Abstract We propose a simple approach that traces factor income flows in regional-level
macroeconomic data, based on the discrepancy between the income that factors of
production residing in a region receive and the output that factors of production installed in ...
We study the determinants of net capital income flows within the United States. We analyze
a simple multi-state neoclassical model in which total factor productivity varies across states
and over time and capital flows freely across state borders. The model predicts that capital ...
We live in an era of rising globalization and rising wage inequality. We propose a theory that
suggests that these phenomena are related because trade liberalization raises the relative
demand for skilled workers in all countries. In our model, only the lowest% cost firms ...
A Reshef - 2010 - people.virginia.edu
Abstract This paper demonstrates that our understanding of skill biased technological
change (SBTC) can be improved by taking into account occupational mixes within broad
education§or groups. I fit a two§or general equilibrium model to US data in ...
Abstract We propose a simple approach that traces factor income flows in regional-level
macroeconomic data, based on the discrepancy between the income that factors of
production residing in a region receive and the output that factors of production installed in ...
A Reshef - 2008 - books.google.com
The leading explanation for the increase in the US college premium over the last 40 years is
aggregate skill biased technological change (SBTC). In Chapter 1 I study whether taking into
account the economy's sectoral composition can yield different conclusions about the ...
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