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.
|Original language||English (US)|
|Number of pages||34|
|Journal||Journal of Labor Economics|
|Publication status||Published - Oct 1 2016|
ASJC Scopus subject areas
- Industrial relations
- Economics and Econometrics
Exports and wages : Rent sharing, workforce composition, or returns to skills? / Macis, Mario; Schivardi, Fabiano.In: Journal of Labor Economics, Vol. 34, No. 4, 01.10.2016, p. 945-978.
Research output: Contribution to journal › Article