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This paper characterizes the trade-off between the income gains and the inequality costs of trade using survey data for … gains and the inequality costs of trade liberalization are quantified and the trade-offs between them are assessed using an … inequality costs (gains), which arise because trade tends to exacerbate income inequality: 45 countries face a trade-off, while …
Persistent link: https://www.econbiz.de/10012022290
inequality. To reduce the incidence of low-quality jobs, tax policy interventions should go hand in hand with more effective …
Persistent link: https://www.econbiz.de/10012113993
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Whether gains from trade are equally distributed within countries is the subject of a lively debate. This paper presents a novel framework to analyse the distributional effects of trade policy by linking the OECD’s CGE trade model, METRO, with consumption expenditure data from household budget...
Persistent link: https://www.econbiz.de/10012432844
Abstract Does more wealth inequality lead to more inequitable trade policies? To answer this question, this study … wealth inequality leads to more equitable trade policies. In a pro-capitalist regime, an increase in wealth inequality leads … to more inequitable trade policies. Using cross-country data on political ideology, wealth inequality and different …
Persistent link: https://www.econbiz.de/10014587617
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Does more wealth inequality lead to more inequitable trade policies? To answer this question, this study develops a … political economy model of international trade theory and predicts that in a pro-worker regime, an increase in wealth inequality … leads to more equitable trade policies. In a pro-capitalist regime, an increase in wealth inequality leads to more …
Persistent link: https://www.econbiz.de/10005086944
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