[FIW_Logo_de_en] Please scroll down for the English version Sehr geehrte Damen und Herren, wir freuen uns, Sie über die neuesten Entwicklungen des FIW-Projekts informieren zu dürfen. Dieses Mal mit folgendem Inhalt: · Einladung zur 18. AW-Vorlesung am 30.10. 2015 · Seminar International Economics am 29.10. 2015 Reminder: Einladung zur 18. AW-Vorlesung am 30.10. 2015 E I N L A D U N G 18. AW-Vorlesung Freitag, 30. Oktober 2015 Prof. Gabriel Felbermayr, Ph.D. (IFO, LMU); Univ.-Prof. Dr. Harald Oberhofer (WU/WIFO) "20 Jahre Österreich in der EU − Handelseffekte, Herausforderungen und Optionen" Begrüßung: Sektionschefin Mag. Bernadette Gierlinger (BMWFW) Kommentare: Univ.-Prof. Mag. Dr. Fritz Breuss (FIW, WIFO, WU) Diskussionsleitung: Dr. Manfred Schekulin (BMWFW) Literatur: Studie "20 Jahre Österreich in der Europäischen Union – Herausforderungen und Optionen für die Zukunft"; Gabriel Felbermayr (ifo & LMU München); Wilhelm Kohler (IAW & Universität Tübingen) et al.; Wien; August 2015; FIW-Policy Brief Nr. 28 (Oktober 2015) <http://www.fiw.ac.at/fileadmin/Documents/Publikationen/Policy_Briefs/28_FIW_PolicyBrief_Oberhofer_Winner.pdf> Zeit: 9:15 Uhr (pünktlich) bis 10:30 Uhr Ort: Wirtschaftsministerium, Stubenring 1, 1010 Wien, 5. Stock, Pressezentrum AW-Vorlesungen ist eine Veranstaltungsreihe, bei der politikrelevante aktuelle Forschungsergebnisse aus dem Bereich internationale Wirtschaft praxisnah präsentiert und diskutiert werden. Für Kaffee ist gesorgt …. Anmeldung erforderlich unter: http://www.fiw.ac.at/index.php?id=833#13769 Reminder: FIW-Seminar in International Economics am 29.10. 2015 Das FIW bietet regelmäßig Vorlesungen in Form eines Seminars in "International Economics" an. Ort: wiiw Wiener Institut für Internationale Wirtschaftsvergleiche, Rahlgasse 3, 1060 Wien Donnerstag 29. Oktober, 16 Uhr wiiw, Rahlgasse 3, 1060 Vienna, lecture hall (entrance from the ground floor) Where does the surplus go? Disentangling the capital-labor distributive conflict Dario Guarasccio Sapienza University of Rome Abstract The evidence on growing inequality in OECD countries has raised an important debate over its main drivers, pointing out an increasing importance of capital-labour conflict. In this contribution, we aim at disentangling the role of some of the forces shaping this process. Our identification strategy relies on the sequential nature of wage setting and profits realization, in line with theoretical insights from the range theory of wages (postulating rents sharing at the shop floor level) and the principle of effective demand. In particular we focus on the role of technology and offshoring as instruments to create surplus and to shape the bargaining power of the parties involved in wage setting, and on different sources of demand as heterogeneous determinants of profits realization. The empirical analysis is performed on a panel of 38 manufacturing and service sectors over four time periods from 1995 to 2010, covering Germany, France, Italy, Spain, and United Kingdom. The contrasting effects of R&D and offshoring emerge as determinants of wages. Investment and internal demands are key variables in the realization of profits. When we look at the heterogeneity of the effects we see three main stylized facts. First of all, distinguishing for technological domain using Pavitt classes we can see that rents are effectively related with upgraded industries. Secondly, when we distinguish for the degree of openness we can see that, again, rents are mainly shared in open industries. Finally, when we disentangle the effect on wages per skill level, it is possible to confirm the intuition that offshoring hits the medium-low skill categories. Keywords: rent; surplus; distribution; inequality; offshoring; R&D JEL Codes: O33, F15, J31 Mit freundlichen Grüßen Alexander Hudetz (FIW – Projektbüro) Es entspricht nicht unserer Philosophie Ihnen unerwünschte E-Mails zukommen zu lassen. Falls Sie keine weiteren E-Mails vom FIW erhalten möchten, schreiben Sie bitte an das Projektbüro<mailto:fiw-pb@fiw.at> mit dem Betreff "Abmelden". __________________________________ Das Kompetenzzentrum FIW (http://www.fiw.ac.at/) ist ein Projekt von WIFO, wiiw und WSR im Auftrag des BMWFW. Die Kooperationsvereinbarungen des FIW mit der Wirtschaftsuniversität Wien, der Universität Wien und der Johannes Kepler Universität Linz werden aus Hochschulraumstrukturmitteln gefördert. Dear Sir or Madam, we are pleased to inform you about the latest news of the FIW project. In this issue: · Invitation: 18th AW-Lecture on October 30th, 2015 · FIW-Seminar in International Economics on October 29th, 2015 Reminder: Invitation: 18th AW-Lecture on October 30th, 2015 E I N L A D U N G 18. AW-Vorlesung Freitag, 30. Oktober 2015 Prof. Gabriel Felbermayr, Ph.D. (IFO, LMU); Univ.-Prof. Dr. Harald Oberhofer (WU/WIFO) "20 Jahre Österreich in der EU − Handelseffekte, Herausforderungen und Optionen" Begrüßung: Sektionschefin Mag. Bernadette Gierlinger (BMWFW) Kommentare: Univ.-Prof. Mag. Dr. Fritz Breuss (FIW, WIFO, WU) Diskussionsleitung: Dr. Manfred Schekulin (BMWFW) Literatur: Studie "20 Jahre Österreich in der Europäischen Union – Herausforderungen und Optionen für die Zukunft"; Gabriel Felbermayr (ifo & LMU München); Wilhelm Kohler (IAW & Universität Tübingen) et al.; Wien; August 2015; FIW-Policy Brief Nr. 28 (Oktober 2015) <http://www.fiw.ac.at/fileadmin/Documents/Publikationen/Policy_Briefs/28_FIW_PolicyBrief_Oberhofer_Winner.pdf> Zeit: 9:15 Uhr (pünktlich) bis 10:30 Uhr Ort: Wirtschaftsministerium, Stubenring 1, 1010 Wien, 5. Stock, Pressezentrum AW-Vorlesungen ist eine Veranstaltungsreihe, bei der politikrelevante aktuelle Forschungsergebnisse aus dem Bereich internationale Wirtschaft praxisnah präsentiert und diskutiert werden. Für Kaffee ist gesorgt …. Anmeldung erforderlich unter: http://www.fiw.ac.at/index.php?id=833#13769 Reminder: FIW-Seminar in International Economics on October 29th, 2015 The seminar is part of the activities of FIW, the Centre of Competence in International Economics. Regular lecture series on current issues in international economics. Location: wiiw Wiener Institut für Internationale Wirtschaftsvergleiche, Rahlgasse 3, 1060 Wien Thursday, October 29th, 4 pm Where does the surplus go? Disentangling the capital-labor distributive conflict Dario Guarasccio Sapienza University of Rome Abstract The evidence on growing inequality in OECD countries has raised an important debate over its main drivers, pointing out an increasing importance of capital-labour conflict. In this contribution, we aim at disentangling the role of some of the forces shaping this process. Our identification strategy relies on the sequential nature of wage setting and profits realization, in line with theoretical insights from the range theory of wages (postulating rents sharing at the shop floor level) and the principle of effective demand. In particular we focus on the role of technology and offshoring as instruments to create surplus and to shape the bargaining power of the parties involved in wage setting, and on different sources of demand as heterogeneous determinants of profits realization. The empirical analysis is performed on a panel of 38 manufacturing and service sectors over four time periods from 1995 to 2010, covering Germany, France, Italy, Spain, and United Kingdom. The contrasting effects of R&D and offshoring emerge as determinants of wages. Investment and internal demands are key variables in the realization of profits. When we look at the heterogeneity of the effects we see three main stylized facts. First of all, distinguishing for technological domain using Pavitt classes we can see that rents are effectively related with upgraded industries. Secondly, when we distinguish for the degree of openness we can see that, again, rents are mainly shared in open industries. Finally, when we disentangle the effect on wages per skill level, it is possible to confirm the intuition that offshoring hits the medium-low skill categories. Keywords: rent; surplus; distribution; inequality; offshoring; R&D JEL Codes: O33, F15, J31 Kind regards, Alexander Hudetz (FIW Project Office) _____________________________________________________ The ‘center of excellence’ FIW (http://www.fiw.ac.at/) is a project of WIFO, wiiw and WSR on behalf of the BMWFW. The FIW cooperation with the Vienna University of Economics and Business (WU), the University Vienna and the Johannes Kepler University Linz is supported by the former Federal Ministry of Science and Research (now integrated in the Federal Ministry of Science, Research and Economy).
